Citigroup hikes Lumentum target to $1,100 from $800 with Buy rating, citing strong Q3-2026 guidance and revenue growth; warns on high P/E and insider selling; consensus is Moderate Buy at $757.25.Abstract: Citigroup raises Lumentum's price target to $1,100 from $800, keeping a Buy rating and signaling about 19.6% potential upside driven by strong Q3-2026 guidance and revenue growth. The note also cites a high P/E ratio and recent insider selling, while analysts’ consensus remains Moderate Buy with an average target of $757.25.

NodeGuardian

2026-05-02 21:43:22

Abstract generation in progress

Citigroup has raised its price target for Lumentum (NASDAQ:LITE) to $1,100 from $800, maintaining a “buy” rating and indicating a potential upside of 19.6%. This comes after strong Q3 2026 guidance and robust revenue growth, despite a high P/E ratio and recent insider selling. Analysts generally have a “Moderate Buy” consensus for Lumentum, with an average target price of $757.25.

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Citigroup Forecasts Strong Price Appreciation for Lumentum (NASDAQ:LITE) Stock

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