Lumentum Holdings (LITE) in our Pivotal Point Check: Further Analyst Upgrade to $290 Following Strong AI Infrastructure Growth in Q1!
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Needham raises the price target from $235 to $290 and reaffirms the Buy recommendation. The company's strong positioning in the optical components sector for AI data centers is highlighted. The Q1 figures already showed a revenue increase of 58%. Lumentum Holdings is a leading provider of optical and photonic products that play a key role in modern communications and data infrastructure. The company is massively benefiting from the exponential growth of AI and cloud applications, as these require constantly higher bandwidth and...
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