Jefferies Raises Lumentum (LITE) Price Target to $1,250
Key Points
- Jefferies reiterated its Buy rating on Lumentum Holdings Inc. on October 21, 2026, while adjusting its price target from $1,200 to $1,250.
- Jefferies's $1,250 price target implies 46.94% upside from Lumentum Holdings Inc.'s ($LITE) current $850.72 share price.
- Lumentum shares recently traded around $854.58 on October 21, 2026, sitting below the new analyst target.
- Lumentum has 26 analyst opinions on record with a consensus recommendation of strong buy and a mean price target of $1,179.07.
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On October 21, 2026, Jefferies reiterated its Buy rating on Lumentum Holdings Inc. LITE while updating its price target for the communication equipment maker. According to a research note from the firm, the target moved from $1,000 or the prior $1,200 level up to $1,250.
LITE
Lumentum Holdings Inc.
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Jefferies's Call on Lumentum
Jefferies kept its positive stance on the shares with the October 21, 2026 update, lifting its target to $1,250 from $1,200. Other firms have also weighed in recently. On September 28, Citigroup maintained a Buy rating and raised its target to $1,400 from $1,200. Bernstein initiated coverage on September 30 with an Outperform rating and a $1,220 target. Rosenblatt maintained a Buy rating with a $1,300 target on October 5, and Stifel maintained a Buy rating while lifting its target to $1,232 from $1,100 on the same day. Overall, the stock carries a strong buy consensus from 26 analysts with a mean price target of $1,179.07.
Other Institutional Activity in Lumentum
Sendero Wealth Management grew its holdings, ending with 2,484 shares worth about $2,412,611. Generate Investment Management grew its holdings by 47,855 shares, ending with 63,855 shares worth about $62,019,807. Jupiter Topco LLC grew its holdings by 944,804 shares, ending with 1,889,608 shares worth about $1,612,648,141. Arrowstreet Capital, Limited Partnership grew its holdings by 965,700 shares, ending with 1,370,571 shares worth about $1,169,686,398.
Lumentum Holdings Inc. Stock Up 3.2%
Lumentum shares closed at $853.43 on October 21, 2026, and recently traded at $854.58. The stock trades about 8.2% below its 50-day moving average and about 9.6% above its 200-day moving average.
$LITE price target
Lumentum Holdings Inc. daily closes and this analyst's $1,250 target. Not advice.
Recent Earnings
Lumentum reported trailing twelve-month revenue of $3.01 billion alongside a negative basic earnings per share of $92.96. The company is scheduled to release its next round of financial results on November 5, 2026.
Insider Buying and Selling at Lumentum Holdings Inc.
Insiders have active trading plans in place. President of Global Business Units Yuen Wupen executed multiple sales ahead of the analyst update, including 500 shares on September 17 at $933.45 each for $466,725, and another 500 shares on September 18 at $920.00 each for $460,000 under planned trading arrangements.
About Lumentum Holdings
Lumentum Holdings Inc. is a San Jose, California-based technology company that manufactures optical and photonic products. It builds semiconductor laser chips, wavelength management systems, optical modules, and industrial lasers used across various communication and manufacturing markets.
Bottom Line
Investors are looking ahead to Lumentum's upcoming earnings report on November 5, 2026. Market participants will watch how the company's optical product demand aligns with growing analyst targets.
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Source: Jefferies's rating change on $LITE (Oct 21, 2026). Written by software, not financial advice. How we make alerts