By Ramish Cheema
Publication Date: 2026-03-13 18:52:00
Lumentum Holdings Inc. (NASDAQ:LITE) is one of the 11 Best Day Trading Stocks to Buy Now.
Investment bank Barclays discussed photonics and optical products manufacturer Lumentum Holdings Inc. (NASDAQ:LITE)’s shares on March 3rd. It raised the share price target to $750 from $475 and kept an Equal-Weight rating on the shares. The coverage came a month after Lumentum Holdings Inc. (NASDAQ:LITE) reported its earnings for the second fiscal quarter of 2026. The results saw the firm report $665 million in revenue and $143 million in non-GAAP net income.
On the same day, Rosenblatt also discussed Lumentum Holdings Inc. (NASDAQ:LITE)’s shares. It raised the share price target to $900 from $580 and kept a Buy rating on the stock. Rosenblatt pointed out that the firm will benefit from AI chip giant NVIDIA’s decision to invest $2 billion in it and to secure future capacity for optical products. Like the two financial firms, investment bank Morgan Stanley is also optimistic about Lumentum Holdings Inc. (NASDAQ:LITE). It raised the price target to $520 from $420 and kept an Equal Weight rating on the shares.
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Lumentum Holdings Inc. (NASDAQ:LITE) is an American company that makes and sells optical and photonic products used in computing and other applications. It is headquartered in San Jose, California.
While we acknowledge the potential of LITE…