Lumentum Holdings (LITE) in Pivotal Point Check: 17% Price Rally Ahead of Quarterly Results – AI Infrastructure Boom and New Laser Platforms Propel Stock to Record High!
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Morgan Stanley raises the price target to $350. Over 60% of revenues already come from the cloud and artificial intelligence sectors. A revenue jump of approximately 62% year-over-year is expected for Q2 2026. The provider of optical and photonic products reported a significant price jump on Friday, January 30, 2026. The stock climbed intraday by about 17% and marked new highs during trading. This increase was primarily driven by an optimistic assessment from investment bank Morgan Stanley. Analysts raised their price target...
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