Lumentum stock whipsaws as Wall Street lifts targets again ahead of Feb. 3 earnings
New York, January 22, 2026, 11:21 EST — Regular session Lumentum Holdings Inc shares dipped 0.5% to $360.72 late Thursday morning, following a session range from $350.38 up to $391.24. The laser and optical components maker is quickly turning into a key indicator for data-center network spending, driven by cloud providers routing more traffic over faster connections to support AI server clusters. The recent flurry of activity coincides with analysts repeatedly adjusting their price targets—brokers’ forecasts for a stock’s value over the next year—in significant jumps, despite the shares having already surged sharply. Stifel boosted its price target on Lumentum