Lumentum Holdings (LITE) Reports In-Line Q3 EPS, Revenues Miss; Offers 4Q EPS/Revenues Guidance Below Consensus

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Go back to Lumentum Holdings (LITE) Reports In-Line Q3 EPS, Revenues Miss; Offers 4Q EPS/Revenues Guidance Below Consensus

Lumentum (LITE) PT Lowered to $87 at Needham & Company

May 13, 2021 6:45 AM EDT

Needham & Company analyst Alex Henderson lowered the price target on Lumentum (NASDAQ: LITE) to $87.00 (from $123.00) while maintaining a Buy rating.

The analyst commented, "Lumentum's print and guidance has unwound a lot of Revenue and earnings momentum, which in turn inhibits the valuation argument. From... More