Lumentum Holdings (LITE) Receives a Rating Update from a Top Analyst

In a report released today, Vijay Rakesh from Mizuho Securities reiterated a Buy rating on Lumentum Holdings, with a price target of $930.00.

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According to TipRanks, Rakesh is a top 100 analyst with an average return of 44.7% and a 59.72% success rate. Rakesh covers the Technology sector, focusing on stocks such as Micron, Lumentum Holdings, and IonQ.

In addition to Mizuho Securities, Lumentum Holdings also received a Buy from TipRanks – Google’s Google Communication Equipment in a report issued yesterday. However, on the same day, TipRanks – DeepSeek reiterated a Hold rating on Lumentum Holdings (NASDAQ: LITE).

Based on Lumentum Holdings’ latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $665.5 million and a net profit of $78.2 million. In comparison, last year the company earned a revenue of $402.2 million and had a GAAP net loss of $60.9 million

Based on the recent corporate insider activity of 101 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LITE in relation to earlier this year. Most recently, in February 2026, Penny Herscher, a Director at LITE sold 4,849.00 shares for a total of $2,596,494.03.