Rosenblatt Securities analyst Ryan Koontz reiterated a Buy rating on Lumentum Holdings (NASDAQ:LITE) on Tuesday, setting a price target of $105, which is approximately 9.81% above the present share price of $95.62.
Koontz expects Lumentum Holdings to post earnings per share (EPS) of $0.89 for the first quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Strong Buy rating of shares in Lumentum Holdings, with an average price target of $113.17.
The analysts price targets range from a high of $138 to a low of $98.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $452.4 million and a net profit of $99 million. The company's market cap is $7.24 billion.
According to TipRanks.com, Rosenblatt Securities analyst Ryan Koontz is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 31.6% and a 78.72% success rate.
Lumentum Holdings, Inc. engages in the provision of optical and photonic products. It operates through the Optical Communications (OpComms) and Commercial Lasers segments. The OpComms segment includes a range of components, modules, and subsystems to support customers including carrier networks of access (local), metro (intracity), long-haul (city-to-city and worldwide), and submarine (undersea) applications. The Commercial Lasers segment focuses in serving customers in markets and applications such as sheet metal processing, general manufacturing, biotechnology, graphics and imaging, remote sensing, and precision machining such as drilling in printed circuit boards, wafer singulation, glass cutting, and solar cell scribing. The company was founded on February 10, 2015 and is headquartered in Milpitas, CA.