Lumentum Holdings Inc. ( NASDAQ:LITE – Get Free Report ) gapped up before the market opened on Monday. The stock had previously closed at $824.13, but opened at $872.50. Lumentum shares last traded at $839.6890, with a volume of 722,967 shares traded.
Analysts Set New Price Targets Several equities analysts have recently issued reports on the stock. Sanford C. Bernstein started coverage on shares of Lumentum in a report on Wednesday, September 30th. They issued an “outperform” rating and a $1,220.00 price target for the company. Bank of America dropped their price objective on Lumentum from $1,100.00 to $1,000.00 and set a “neutral” rating on the stock in a research note on Wednesday, August 12th. Weiss Ratings downgraded Lumentum from a “hold (c-)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Citigroup lifted their target price on Lumentum from $1,200.00 to $1,400.00 and gave the stock a “buy” rating in a report on Monday, September 28th. Finally, UBS Group set a $820.00 target price on Lumentum in a research note on Wednesday, August 12th. Sixteen analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sel...