Lumentum Holdings (LITE) Soars as Needham Hikes Price Target to $290 on AI Laser Demand – Stock News for November 24, 2025
Lumentum Holdings shares surged nearly 15% to $293.48 Monday after Needham raised its price target to $290 and reaffirmed a Buy rating, citing strong AI data center demand. The stock hit an intraday high of $295.40 on heavy volume, more than tripling year-to-date. Recent earnings showed Q1 revenue up 58% to $533.8 million. Institutional ownership stands near 94% of the float.
