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Lumentum (LITE) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

LITE Stock Forecast

Lumentum stock forecast is as follows: an average price target of $59.13 (represents a -30.50% downside from LITE’s last price of $85.08) 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 $59.13 based on 1-year price targets from 18 Wall Street analysts in the past 3 months, with a price target range of $70.00 to $40.00. This represents a potential -30.50% downside from LITE's last price of $85.08.

LITE Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Aug 15, 2024Richard ShannonCraig-Hallum$70.00$52.1534.23%-17.72%
Aug 15, 2024Dave KangB.Riley Financial$50.00$52.30-4.40%-41.23%
Aug 15, 2024Meta MarshallMorgan Stanley$54.00$45.5318.60%-36.53%
Aug 15, 2024Mike GenoveseRosenblatt Securities$69.00$52.1832.23%-18.90%
Aug 15, 2024Alex HendersonNeedham$70.00$52.2633.95%-17.72%
Aug 15, 2024Vivek AryaBank of America Securities$50.00$52.17-4.16%-41.23%
Aug 15, 2024Tom O'MalleyBarclays$40.00$45.53-12.15%-52.99%
Jul 17, 2024Christopher RollandSusquehanna$70.00$59.0918.46%-17.72%
May 07, 2024Ananda BaruahLoop Capital Markets$80.00$44.1181.36%-5.97%
May 07, 2024Tom O'MalleyBarclays$38.00$44.11-13.85%-55.34%
Feb 09, 2024Alex HendersonNeedham$50.00$49.890.22%-41.23%
Dec 20, 2022J.P. Morgan$64.00$50.5926.51%-24.78%
Dec 13, 2022Morgan Stanley$66.00$54.4521.21%-22.43%
Aug 17, 2022Morgan Stanley$98.00$89.609.38%15.19%
Aug 17, 2022Raymond James$114.00$89.6027.23%33.99%
Aug 04, 2022Raymond James$102.00$93.439.17%19.89%
Jul 25, 2022Barclays$95.00$85.0211.74%11.66%
Jul 14, 2022J.P. Morgan$100.00$77.1829.57%17.54%
May 05, 2022Susquehanna$110.00$88.9523.66%29.29%
May 05, 2022Simon LeopoldRaymond James$118.00$89.7631.46%38.69%
May 02, 2022Morgan Stanley$94.00$83.1113.10%10.48%
Apr 25, 2022Barclays$100.00$84.4618.40%17.54%
Mar 16, 2022Tim SavageauxNorthland Securities$120.00$91.4931.16%41.04%
Nov 05, 2021Meta MarshallMorgan Stanley$91.00$93.34-2.51%6.96%
Oct 05, 2021Fahad NajamLoop Capital Markets$93.00$81.9813.44%9.31%
Jun 01, 2021Rod HallGoldman Sachs$86.00$80.067.42%1.08%
May 13, 2021Thomas DiffelyD.A. Davidson$95.00$67.4340.89%11.66%
May 12, 2021John MarchettiStifel Nicolaus$87.00$68.2427.49%2.26%

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 -17.72% decrease from LITE last price ($85.08).

Lumentum Price Target by Period

1M3M12M
# Anlaysts--11
Avg Price Target--$58.27
Last Closing Price$85.08$85.08$85.08
Upside/Downside-100.00%-100.00%-31.51%

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 $85.08. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 21, 2024SusquehannaPositivePositiveHold
Oct 04, 2024Raymond JamesOutperformOutperformHold
Aug 15, 2024Craig-HallumBuyBuyHold
Aug 15, 2024B. Riley SecuritiesNeutralNeutralHold
Aug 15, 2024NeedhamBuyBuyHold
Aug 15, 2024B. RileyNeutralNeutralHold
Aug 15, 2024Goldman SachsBuyBuyHold
Aug 15, 2024Piper SandlerOverweightOverweightHold
Aug 15, 2024Wells FargoEqual-WeightDowngrade
Aug 15, 2024CitigroupBuyBuyHold
Aug 15, 2024Deutsche BankBuyUpgrade
Aug 15, 2024JefferiesBuyBuyHold
Aug 15, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Aug 15, 2024Bank of America SecuritiesUnderperformUnderperformHold
Aug 15, 2024BarclaysUnderweightUnderweightHold
Jul 17, 2024SusquehannaPositivePositiveHold
May 20, 2024Raymond JamesBuyBuyHold
May 20, 2024NeedhamUnderperformUnderperformHold
May 07, 2024Loop Capital MarketsBuyBuyHold
May 07, 2024BarclaysUnderweightUnderweightHold
Apr 01, 2024SusquehannaBuyBuyHold
Feb 09, 2024SusquehannaPositivePositiveHold
Feb 09, 2024NeedhamBuyBuyHold
Feb 09, 2024BarclaysUnderperformUnderperformHold
Jan 16, 2024SusquehannaBuyBuyHold
Jan 16, 2024Raymond JamesUnderperformUnderperformHold
Dec 22, 2023SusquehannaBuyBuyHold
Dec 22, 2023Rosenblatt SecuritiesUnderperformUnderperformHold
Dec 22, 2023Craig-HallumBuyUpgrade
Oct 24, 2023SusquehannaPositivePositiveHold
Aug 18, 2023StephensOverweightInitialise
Jul 05, 2023BarclaysOverweightUnderweightDowngrade
Apr 06, 2023BarclaysOverweightOverweightHold
Apr 06, 2023NeedhamBuyBuyHold
Dec 20, 2022Credit SuisseNeutralInitialise
Dec 13, 2022UBSNeutralInitialise
Dec 13, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 17, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Aug 04, 2022Raymond JamesOutperformOutperformHold
Jul 25, 2022BarclaysOverweightOverweightHold
May 02, 2022Morgan StanleyEqual-WeightEqual-WeightHold
Apr 26, 2022B. RileyBuyBuyHold

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 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 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$616.83M$591.87M$532.87M$530.62M$538.68M$512.26M$505.79M$482.71M$451.21M$412.77M$388.86M$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$646.38M$620.23M$558.40M$556.04M$564.49M$536.80M$530.03M$505.84M$472.83M$439.27M$389.98M$340.62M$301.36M$364.65M$366.48M$316.35M$383.80M$409.63M$531.44M$503.61M$417.97M$390.20M$445.57M$439.53M$383.04M$433.40M$481.08M$441.30M$349.73M$408.50M
Low Forecast$594.44M$570.39M$513.53M$511.36M$519.13M$493.66M$487.43M$465.19M$434.83M$397.25M$387.19M$313.25M$301.36M$364.65M$358.00M$309.94M$352.95M$376.71M$488.73M$503.61M$417.97M$390.20M$445.57M$439.53M$383.04M$433.40M$481.08M$441.30M$349.73M$408.50M
# Analysts7777776661010733714117667671071212101010
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 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts7777776661010733714117667671071212101010
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$117.25M$112.51M$101.29M$100.86M$102.40M$97.37M$96.14M$91.76M$85.77M$78.46M$73.92M$61.79M$57.28M$69.31M$69.07M$59.50M$69.62M$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$122.87M$117.90M$106.14M$105.70M$107.30M$102.04M$100.75M$96.15M$89.88M$83.50M$74.13M$64.75M$57.28M$69.31M$69.66M$60.13M$72.95M$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$113.00M$108.42M$97.61M$97.20M$98.68M$93.84M$92.65M$88.43M$82.66M$75.51M$73.60M$59.54M$57.28M$69.31M$68.05M$58.92M$67.09M$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 %---------------1.52%-1.36%-0.80%-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 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts7777776661010733714117667671071212101010
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$94.49M$87.00M$75.77M$76.80M$72.54M$63.93M$62.04M$53.88M$42.33M$28.31M$23.84M$8.30M$1.68M$300.14M$20.85M$18.72M$37.91M$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$100.38M$92.42M$80.49M$81.59M$77.05M$67.91M$65.90M$57.24M$44.97M$39.63M$26.49M$8.82M$1.70M$360.17M$26.23M$22.19M$40.27M$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$90.03M$82.89M$72.19M$73.18M$69.11M$60.91M$59.11M$51.34M$40.34M$20.13M$23.17M$7.91M$1.67M$240.11M$18.83M$15.26M$36.12M$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 %---------------4.75%-3.63%-1.59%-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 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts7777776661010733714117667671071212101010
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$106.07M$101.77M$91.63M$91.24M$92.63M$88.08M$86.97M$83.00M$77.59M$70.98M$66.86M$55.89M$51.82M$87.18M$62.48M$53.82M$62.98M$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$111.15M$106.65M$96.02M$95.61M$97.07M$92.30M$91.14M$86.98M$81.30M$75.53M$67.06M$58.57M$51.82M$104.62M$63.02M$54.40M$65.99M$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$102.22M$98.08M$88.30M$87.93M$89.27M$84.89M$83.82M$79.99M$74.77M$68.31M$66.58M$53.86M$51.82M$69.74M$61.56M$53.29M$60.69M$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 %--------------1.36%1.36%1.08%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 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts7777776661010733714117667671071212101010
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$1.38$1.27$1.11$1.12$1.06$0.94$0.91$0.79$0.62$0.41$0.35$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$1.47$1.35$1.18$1.19$1.13$0.99$0.96$0.84$0.66$0.58$0.39$0.13$0.02$0.26$0.38$0.32$0.59$0.83$1.41$1.56$1.33$1.12$1.58$1.55$1.08$1.40$1.91$1.47$0.83$1.05
Low Forecast$1.32$1.21$1.06$1.07$1.01$0.89$0.87$0.75$0.59$0.29$0.34$0.12$0.02$0.26$0.28$0.22$0.53$0.74$1.26$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
KVHIKVH Industries$5.78$13.00124.91%Buy
CLFDClearfield$31.96$48.0050.19%Buy
ADTNADTRAN$8.40$10.0019.05%Buy
GILTGilat Satellite Networks$5.98$7.0017.06%Buy
EXTRExtreme Networks$18.12$21.0015.89%Buy
TSATTelesat$18.16$20.0010.13%
HPEHewlett Packard Enterprise Company$21.54$23.579.42%Buy
INFNInfinera$6.60$6.650.76%Hold
MSIMotorola Solutions$461.75$440.00-4.71%Buy
JNPRJuniper Networks$37.66$34.00-9.72%Buy
NTGRNETGEAR$25.68$22.00-14.33%Buy
CIENCiena$88.14$65.86-25.28%Buy
LITELumentum$88.92$59.13-33.50%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 $59.13 with a range of $40 to $70, implying a -30.50% from its last price of $85.08. 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 down by -30.50% (from the last price of $85.08 to the average price target of $59.13), down by -17.72% based on the highest stock price target, and down by -52.99% based on the lowest stock price target.

Can Lumentum stock reach $130?

LITE's average twelve months analyst stock price target of $59.13 does not support the claim that Lumentum can reach $130 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 $2.04B (high $2.14B, low $1.97B), average EBITDA is $387.67M (high $406.24M, low $373.6M), average net income is $252.39M (high $268.11M, low $240.48M), average SG&A $350.69M (high $367.49M, low $337.96M), and average EPS is $3.7 (high $3.93, low $3.52). LITE's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $2.27B (high $2.38B, low $2.19B), average EBITDA is $431.91M (high $452.61M, low $416.24M), average net income is $334.06M (high $354.87M, low $318.3M), average SG&A $390.71M (high $409.43M, low $376.53M), and average EPS is $4.89 (high $5.2, low $4.66).

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 $633.35M by -118.27%. The company's net income was $-132M, missing the average estimation of $478.11M by -127.53%. Apple's SG&A was $348.8M, beating the average forecast of $298.23M by 16.96%. 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 $69.07M by -252.32%. Lumentum's net income was $-99.1M, missing the average estimation of $20.85M by -575.32%. The company's SG&A was $85.1M, beating the average forecast of $62.48M by 36.21%. Lastly, the company's EPS was $-1.47, missing the average prediction of $0.305 by -581.56%