Lumentum stock hits fresh high as Morgan Stanley lifts target on AI optics bet
Lumentum shares closed up 2.0% at $688.27 Tuesday, hitting a new 52-week high and edging higher after hours. Morgan Stanley raised its price target to $520 from $420, well below the current share price, and kept an Equal-Weight rating. Investors await updates at Lumentum’s late-February and early-March conference appearances.