Analysts Conflicted on These Technology Names: Lumentum Holdings (LITE) and Super Micro Computer (SMCI)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Lumentum Holdings (LITE) and Super Micro Computer (SMCI).
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Lumentum Holdings (LITE)
Rosenblatt Securities analyst Michael Genovese reiterated a Buy rating on Lumentum Holdings yesterday and set a price target of $1300.00. The company’s shares closed last Tuesday at $820.59.
According to TipRanks.com, Genovese is a 5-star analyst with an average return of
Lumentum Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $1067.73, which is a 30.9% upside from current levels. In a report issued on July 27, TipRanks – OpenAI also upgraded the stock to Buy with a $847.00 price target.
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Super Micro Computer (SMCI)
Mizuho Securities analyst Vijay Rakesh maintained a Hold rating on Super Micro Computer yesterday and set a price target of $35.00. The company’s shares closed last Tuesday at $31.60, close to its 52-week low of $17.25.
According to TipRanks.com, Rakesh is a top 25 analyst with an average return of
Super Micro Computer has an analyst consensus of Hold, with a price target consensus of $38.78, representing a 21.1% upside. In a report issued on July 29, TipRanks – OpenAI also reiterated a Hold rating on the stock with a $30.00 price target.
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