JPMorgan raises Lumentum price target on strong AI data center demand

cnbc.com

JPMorgan predicts Lumentum's stock will rise due to strong demand for its AI data center components. The investment bank raised its price target, citing robust sales growth from optical networking equipment and sensors crucial for next-generation AI solutions. Lumentum's optical circuit switches and laser technologies are key drivers, with potential for further upside beyond current projections.


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JPMorgan raises Lumentum price target on strong AI data center demand | News Minimalist