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Analysts Offer Insights on Technology Companies: Strategy (MSTR) and Lumentum Holdings (LITE)

Tipranks - Tue Apr 21, 10:02AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Strategy (MSTR) and Lumentum Holdings (LITE) with bullish sentiments.

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Strategy (MSTR)

TD Cowen analyst Lance Vitanza reiterated a Buy rating on Strategy today and set a price target of $385.00. The company’s shares closed last Monday at $162.50, close to its 52-week low of $101.00.

According to TipRanks.com, Vitanza is a 5-star analyst with an average return of 21.1% and a 49.2% success rate. Vitanza covers the NA sector, focusing on stocks such as Liberty Media Liberty Formula One, Clear Channel Outdoor, and TKO Group Holdings. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Strategy with a $279.58 average price target, which is a 72.3% upside from current levels. In a report issued on April 8, BTIG also maintained a Buy rating on the stock with a $250.00 price target.

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Lumentum Holdings (LITE)

In a report released today, Christopher Rolland from Susquehanna maintained a Buy rating on Lumentum Holdings, with a price target of $1100.00. The company’s shares closed last Monday at $881.09.

According to TipRanks.com, Rolland is a top 100 analyst with an average return of 35.7% and a 64.9% success rate. Rolland covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lumentum Holdings with a $776.40 average price target, implying a -12.7% downside from current levels. In a report issued on April 6, TipRanks – PerPlexity also upgraded the stock to Buy with a $922.00 price target.

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