Lumentum stock pops after Barclays doubles target — what traders are watching next
Lumentum shares rose 5.1% to $348.68 on Thursday, rebounding after an 8.2% drop the previous session. Barclays nearly doubled its price target to $365 but kept an Equal Weight rating, citing AI demand. Investors are awaiting Lumentum’s Feb. 3 earnings call for updates on data center orders and margins. Tech stocks gained after TSMC posted record AI-driven profits.