Lumentum Sees 22% Upside: Analyst Boosts Target Amid AI Demand
Lumentum (NASDAQ: LITE) shares are poised for potential gains as a prominent analyst raises the price target, citing sustained demand for AI-related optical components. Despite a recent surge, the stock remains significantly below consensus targets, presenting a potential runway for growth.
Tariffs & trade: Tariffs hit importers/retail and can lift domestic industrials; China ADRs sensitive.