Lumentum (LITE) Stock Forecast, Price Target & Predictions
LITE Stock Forecast
Lumentum stock forecast is as follows: an average price target of $74.60 (represents a 16.25% upside from LITE’s last price of $64.17) and a rating consensus of 'Buy', based on 18 wall street analysts offering a 1-year stock forecast.
LITE Price Target
The average price target for Lumentum (LITE) is $74.60 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $120.00 to $40.00. This represents a potential 16.25% upside from LITE's last price of $64.17.
LITE Analyst Ratings
According to 18 Wall Street analysts, Lumentum's rating consensus is 'Buy'. The analyst rating breakdown for LITE stock is 0 'Strong Buy' (0.00%), 11 'Buy' (61.11%), 6 'Hold' (33.33%), 1 'Sell' (5.56%), and 0 'Strong Sell' (0.00%).
Lumentum Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 15, 2024 | Richard Shannon | Craig-Hallum | $70.00 | $52.15 | 34.23% | 9.09% |
| Aug 15, 2024 | Dave Kang | B.Riley Financial | $50.00 | $52.30 | -4.40% | -22.08% |
| Aug 15, 2024 | Meta Marshall | Morgan Stanley | $54.00 | $45.53 | 18.60% | -15.85% |
| Aug 15, 2024 | Mike Genovese | Rosenblatt Securities | $69.00 | $52.18 | 32.23% | 7.53% |
| Aug 15, 2024 | Alex Henderson | Needham | $70.00 | $52.26 | 33.95% | 9.09% |
| Aug 15, 2024 | Vivek Arya | Bank of America Securities | $50.00 | $52.17 | -4.16% | -22.08% |
| Aug 15, 2024 | Tom O'Malley | Barclays | $40.00 | $45.53 | -12.15% | -37.67% |
| Jul 17, 2024 | Christopher Rolland | Susquehanna | $70.00 | $59.09 | 18.46% | 9.09% |
| May 07, 2024 | Ananda Baruah | Loop Capital Markets | $80.00 | $44.11 | 81.36% | 24.67% |
| May 07, 2024 | Tom O'Malley | Barclays | $38.00 | $44.11 | -13.85% | -40.78% |
The latest Lumentum stock forecast, released on Aug 15, 2024 by Richard Shannon from Craig-Hallum, set a price target of $70.00, which represents a 34.23% increase from the stock price at the time of the forecast ($52.15), and a 9.09% increase from LITE last price ($64.17).
Lumentum Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 7 | 11 |
| Avg Price Target | - | $57.57 | $58.27 |
| Last Closing Price | $64.17 | $64.17 | $64.17 |
| Upside/Downside | -100.00% | -10.29% | -9.19% |
In the current month, the average price target of Lumentum stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Lumentum's last price of $64.17. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 21, 2024 | Susquehanna | Positive | Positive | Hold |
| Oct 04, 2024 | Raymond James | Outperform | Outperform | Hold |
| Aug 15, 2024 | Craig-Hallum | Buy | Buy | Hold |
| Aug 15, 2024 | B. Riley Securities | Neutral | Neutral | Hold |
| Aug 15, 2024 | Needham | Buy | Buy | Hold |
| Aug 15, 2024 | B. Riley | Neutral | Neutral | Hold |
| Aug 15, 2024 | Goldman Sachs | Buy | Buy | Hold |
| Aug 15, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Aug 15, 2024 | Wells Fargo | - | Equal-Weight | Downgrade |
| Aug 15, 2024 | Citigroup | Buy | Buy | Hold |
Lumentum's last stock rating was published by Susquehanna on Oct 21, 2024. The company gave LITE a "Positive" rating, the same as its previous rate.
Lumentum Financial Forecast
Lumentum Revenue Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $366.80M | $317.60M | $370.80M | $383.40M | $506.00M | $506.80M | $422.10M | $395.40M | - | $448.40M | $392.10M | $419.50M | $478.80M | $452.40M | $368.10M | $402.80M |
| Avg Forecast | $586.12M | $574.03M | $503.97M | $492.48M | $522.34M | $496.56M | $498.17M | $474.01M | $439.99M | $393.02M | $355.81M | $325.04M | $301.36M | $364.65M | $363.34M | $312.99M | $366.25M | $390.90M | $507.14M | $503.61M | $417.97M | $390.20M | $445.57M | $439.53M | $383.04M | $433.40M | $481.08M | $441.30M | $349.73M | $408.50M |
| High Forecast | $586.12M | $574.03M | $503.97M | $492.48M | $522.34M | $496.56M | $498.17M | $474.01M | $439.99M | $393.02M | $355.81M | $330.73M | $301.36M | $364.65M | $366.48M | $316.35M | $366.25M | $390.90M | $507.14M | $503.61M | $417.97M | $390.20M | $445.57M | $439.53M | $383.04M | $433.40M | $481.08M | $441.30M | $349.73M | $408.50M |
| Low Forecast | $586.12M | $574.03M | $503.97M | $492.48M | $522.34M | $496.56M | $498.17M | $474.01M | $439.99M | $393.02M | $355.81M | $320.06M | $301.36M | $364.65M | $358.00M | $309.94M | $366.25M | $390.90M | $507.14M | $503.61M | $417.97M | $390.20M | $445.57M | $439.53M | $383.04M | $433.40M | $481.08M | $441.30M | $349.73M | $408.50M |
| # Analysts | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 10 | 8 | 3 | 7 | 14 | 12 | 7 | 6 | 6 | 7 | 6 | 7 | 10 | 7 | 12 | 12 | 10 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.01% | 1.01% | 0.98% | 1.00% | 1.01% | 1.01% | 1.01% | - | 1.02% | 1.02% | 0.97% | 1.00% | 1.03% | 1.05% | 0.99% |
Lumentum's average Quarter revenue forecast for Mar 24 based on 3 analysts is $364.65M, with a low forecast of $364.65M, and a high forecast of $364.65M. LITE's average Quarter revenue forecast represents a -0.59% decrease compared to the company's last Quarter revenue of $366.80M (Dec 23).
Lumentum EBITDA Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 10 | 8 | 3 | 7 | 14 | 12 | 7 | 6 | 6 | 7 | 6 | 7 | 10 | 7 | 12 | 12 | 10 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-105.20M | $-80.80M | $-55.90M | $-38.40M | $-4.30M | $84.30M | $63.60M | $89.40M | - | $158.30M | $89.60M | $314.10M | $159.10M | $144.10M | $77.20M | $111.70M |
| Avg Forecast | $51.59M | $50.52M | $44.36M | $43.34M | $45.97M | $43.70M | $43.85M | $41.72M | $38.72M | $34.59M | $31.32M | $28.61M | $26.52M | $32.09M | $31.98M | $27.55M | $32.23M | $380.06M | $139.34M | $44.32M | $36.79M | $345.51M | $39.22M | $38.68M | $33.71M | $314.10M | $42.34M | $38.84M | $30.78M | $89.36M |
| High Forecast | $51.59M | $50.52M | $44.36M | $43.34M | $45.97M | $43.70M | $43.85M | $41.72M | $38.72M | $34.59M | $31.32M | $29.11M | $26.52M | $32.09M | $32.26M | $27.84M | $32.23M | $456.07M | $167.21M | $44.32M | $36.79M | $414.61M | $39.22M | $38.68M | $33.71M | $376.92M | $42.34M | $38.84M | $30.78M | $107.23M |
| Low Forecast | $51.59M | $50.52M | $44.36M | $43.34M | $45.97M | $43.70M | $43.85M | $41.72M | $38.72M | $34.59M | $31.32M | $28.17M | $26.52M | $32.09M | $31.51M | $27.28M | $32.23M | $304.05M | $111.47M | $44.32M | $36.79M | $276.41M | $39.22M | $38.68M | $33.71M | $251.28M | $42.34M | $38.84M | $30.78M | $71.49M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -3.29% | -2.93% | -1.73% | -0.10% | -0.03% | 1.90% | 1.73% | 0.26% | - | 4.09% | 2.66% | 1.00% | 3.76% | 3.71% | 2.51% | 1.25% |
6 analysts predict LITE's average Quarter EBITDA for Dec 22 to be $139.34M, with a high of $167.21M and a low of $111.47M. This is 65.29% upper than Lumentum's previous annual EBITDA (Sep 22) of $84.30M.
Lumentum Net Income Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 10 | 8 | 3 | 7 | 14 | 12 | 7 | 6 | 6 | 7 | 6 | 7 | 10 | 7 | 12 | 12 | 10 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-99.10M | $-67.90M | $-60.20M | $-39.30M | $-31.70M | $-400.00K | $34.70M | $26.00M | - | $81.50M | $21.50M | $225.50M | $83.20M | $67.10M | $-4.60M | $43.40M |
| Avg Forecast | $92.59M | $84.44M | $70.56M | $70.68M | $71.47M | $58.88M | $62.92M | $56.15M | $48.37M | $32.34M | $19.22M | $8.24M | $1.67M | $300.14M | $20.70M | $18.59M | $37.63M | $272.86M | $61.58M | $105.76M | $90.03M | $248.05M | $107.00M | $104.94M | $71.62M | $225.50M | $129.71M | $99.62M | $56.06M | $34.72M |
| High Forecast | $92.59M | $84.44M | $70.56M | $70.68M | $71.47M | $58.88M | $62.92M | $56.15M | $48.37M | $32.34M | $19.22M | $10.14M | $1.68M | $360.17M | $26.04M | $22.03M | $37.63M | $327.43M | $73.90M | $105.76M | $90.03M | $297.66M | $107.00M | $104.94M | $73.14M | $270.60M | $129.71M | $99.62M | $56.06M | $41.66M |
| Low Forecast | $92.59M | $84.44M | $70.56M | $70.68M | $71.47M | $58.88M | $62.92M | $56.15M | $48.37M | $32.34M | $19.22M | $7.61M | $1.66M | $240.11M | $18.69M | $15.14M | $37.63M | $218.28M | $49.26M | $105.76M | $90.03M | $198.44M | $107.00M | $104.94M | $70.09M | $180.40M | $129.71M | $99.62M | $56.06M | $27.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4.79% | -3.65% | -1.60% | -0.14% | -0.51% | -0.00% | 0.39% | 0.10% | - | 0.78% | 0.30% | 1.00% | 0.64% | 0.67% | -0.08% | 1.25% |
Lumentum's average Quarter net income forecast for Sep 22 is $105.76M, with a range of $105.76M to $105.76M. LITE's average Quarter net income forecast represents a 204.79% increase compared to the company's last Quarter net income of $34.70M (Jun 22).
Lumentum SG&A Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 10 | 8 | 3 | 7 | 14 | 12 | 7 | 6 | 6 | 7 | 6 | 7 | 10 | 7 | 12 | 12 | 10 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $85.10M | $73.00M | $68.30M | $76.40M | $98.40M | $105.70M | $69.60M | $63.80M | - | $63.30M | $58.30M | $65.50M | $61.30M | $56.30M | $54.80M | $61.30M |
| Avg Forecast | $94.33M | $92.39M | $81.11M | $79.26M | $84.07M | $79.92M | $80.18M | $76.29M | $70.81M | $63.26M | $57.27M | $52.31M | $48.50M | $87.18M | $58.48M | $50.37M | $58.95M | $79.25M | $74.94M | $81.05M | $67.27M | $72.05M | $71.71M | $70.74M | $61.65M | $65.50M | $77.43M | $71.03M | $56.29M | $53.20M |
| High Forecast | $94.33M | $92.39M | $81.11M | $79.26M | $84.07M | $79.92M | $80.18M | $76.29M | $70.81M | $63.26M | $57.27M | $53.23M | $48.50M | $104.62M | $58.98M | $50.91M | $58.95M | $95.11M | $89.93M | $81.05M | $67.27M | $86.46M | $71.71M | $70.74M | $61.65M | $78.60M | $77.43M | $71.03M | $56.29M | $63.84M |
| Low Forecast | $94.33M | $92.39M | $81.11M | $79.26M | $84.07M | $79.92M | $80.18M | $76.29M | $70.81M | $63.26M | $57.27M | $51.51M | $48.50M | $69.74M | $57.62M | $49.88M | $58.95M | $63.40M | $59.95M | $81.05M | $67.27M | $57.64M | $71.71M | $70.74M | $61.65M | $52.40M | $77.43M | $71.03M | $56.29M | $42.56M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.46% | 1.45% | 1.16% | 0.96% | 1.31% | 1.30% | 1.03% | 0.89% | - | 0.89% | 0.95% | 1.00% | 0.79% | 0.79% | 0.97% | 1.15% |
Lumentum's average Quarter SG&A projection for Mar 24 is $87.18M, based on 3 Wall Street analysts, with a range of $69.74M to $104.62M. The forecast indicates a 2.44% rise compared to LITE last annual SG&A of $85.10M (Dec 23).
Lumentum EPS Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 7 | 7 | 7 | 8 | 10 | 8 | 3 | 7 | 14 | 12 | 7 | 6 | 6 | 7 | 6 | 7 | 10 | 7 | 12 | 12 | 10 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $-1.47 | $-1.02 | $-0.88 | $-0.57 | $-0.46 | $-0.01 | $0.50 | $0.37 | - | $1.12 | $0.29 | $2.97 | $1.10 | $0.89 | $-0.06 | $0.58 |
| Avg Forecast | $1.37 | $1.25 | $1.04 | $1.04 | $1.05 | $0.87 | $0.93 | $0.83 | $0.71 | $0.48 | $0.28 | $0.12 | $0.02 | $0.26 | $0.31 | $0.27 | $0.56 | $0.78 | $1.33 | $1.56 | $1.33 | $1.12 | $1.58 | $1.55 | $1.06 | $1.40 | $1.91 | $1.47 | $0.83 | $1.05 |
| High Forecast | $1.37 | $1.25 | $1.04 | $1.04 | $1.05 | $0.87 | $0.93 | $0.83 | $0.71 | $0.48 | $0.28 | $0.15 | $0.02 | $0.26 | $0.38 | $0.32 | $0.56 | $0.78 | $1.33 | $1.56 | $1.33 | $1.12 | $1.58 | $1.55 | $1.08 | $1.40 | $1.91 | $1.47 | $0.83 | $1.05 |
| Low Forecast | $1.37 | $1.25 | $1.04 | $1.04 | $1.05 | $0.87 | $0.93 | $0.83 | $0.71 | $0.48 | $0.28 | $0.11 | $0.02 | $0.26 | $0.28 | $0.22 | $0.56 | $0.78 | $1.33 | $1.56 | $1.33 | $1.12 | $1.58 | $1.55 | $1.03 | $1.40 | $1.91 | $1.47 | $0.83 | $1.05 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -4.82% | -3.72% | -1.59% | -0.73% | -0.35% | -0.00% | 0.38% | 0.33% | - | 0.72% | 0.27% | 2.13% | 0.57% | 0.61% | -0.07% | 0.55% |
According to 6 Wall Street analysts, Lumentum's projected average Quarter EPS for Sep 22 is $1.56, with a low estimate of $1.56 and a high estimate of $1.56. This represents a 211.98% increase compared to LITE previous annual EPS of $0.50 (Jun 22).
Lumentum Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| KVHI | KVH Industries | $4.57 | $13.00 | 184.46% | Buy |
| ADTN | ADTRAN | $6.20 | $15.67 | 152.74% | Buy |
| CLFD | Clearfield | $35.50 | $59.60 | 67.89% | Buy |
| TSAT | Telesat | $12.51 | $20.00 | 59.87% | - |
| GILT | Gilat Satellite Networks | $5.26 | $7.00 | 33.08% | Buy |
| EXTR | Extreme Networks | $15.20 | $20.00 | 31.58% | Buy |
| LITE | Lumentum | $64.17 | $74.60 | 16.25% | Buy |
| CIEN | Ciena | $63.24 | $65.74 | 3.95% | Buy |
| HPE | Hewlett Packard Enterprise Company | $20.01 | $20.24 | 1.15% | Buy |
| INFN | Infinera | $6.72 | $6.67 | -0.74% | Buy |
| NTGR | NETGEAR | $23.17 | $22.00 | -5.05% | Buy |
| JNPR | Juniper Networks | $38.98 | $35.74 | -8.31% | Buy |
| MSI | Motorola Solutions | $458.18 | $344.83 | -24.74% | Buy |
LITE Forecast FAQ
Is Lumentum a good buy?
Yes, according to 18 Wall Street analysts, Lumentum (LITE) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 11 'Buy' recommendations, accounting for 61.11% of LITE's total ratings.
What is LITE's price target?
Lumentum (LITE) average price target is $74.6 with a range of $40 to $120, implying a 16.25% from its last price of $64.17. The data is based on 18 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Lumentum stock go up soon?
According to Wall Street analysts' prediction for LITE stock, the company can go up by 16.25% (from the last price of $64.17 to the average price target of $74.6), up by 87.00% based on the highest stock price target, and down by -37.67% based on the lowest stock price target.
Can Lumentum stock reach $100?
LITE's highest twelve months analyst stock price target of $120 supports the claim that Lumentum can reach $100 in the near future.
What are Lumentum's analysts' financial forecasts?
Lumentum's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $1.99B (high $1.99B, low $1.99B), average EBITDA is $175.24M (high $175.24M, low $175.24M), average net income is $249.41M (high $249.41M, low $249.41M), average SG&A $320.46M (high $320.46M, low $320.46M), and average EPS is $3.68 (high $3.68, low $3.68). LITE's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $2.16B (high $2.16B, low $2.16B), average EBITDA is $189.81M (high $189.81M, low $189.81M), average net income is $318.27M (high $318.27M, low $318.27M), average SG&A $347.1M (high $347.1M, low $347.1M), and average EPS is $4.69 (high $4.69, low $4.69).
Did the LITE's actual financial results beat the analysts' financial forecasts?
Based on Lumentum's last annual report (Jun 2023), the company's revenue was $1.11B, which missed the average analysts forecast of $1.77B by -37.01%. Apple's EBITDA was $-116M, missing the average prediction of $595.96M by -119.41%. The company's net income was $-132M, missing the average estimation of $477.83M by -127.54%. Apple's SG&A was $348.8M, beating the average forecast of $294.19M by 18.56%. Lastly, the company's EPS was $-1.93, missing the average prediction of $4.22 by -145.76%. In terms of the last quarterly report (Dec 2023), Lumentum's revenue was $366.8M, beating the average analysts' forecast of $363.34M by 0.95%. The company's EBITDA was $-105M, missing the average prediction of $31.98M by -428.98%. Lumentum's net income was $-99.1M, missing the average estimation of $20.7M by -578.82%. The company's SG&A was $85.1M, beating the average forecast of $58.48M by 45.53%. Lastly, the company's EPS was $-1.47, missing the average prediction of $0.305 by -581.56%