Lumentum stock price jumps again after $500 target call ahead of Feb. 3 earnings
Lumentum shares rose 5% to $374.52 late Wednesday morning after Aletheia Capital raised its price target to $500, citing stronger demand for high-speed optical components. The company will report fiscal Q2 results on Feb. 3, with investors watching for any changes to its outlook. Coherent and IPG Photonics also gained, while Ciena slipped 2%.