Analysts Offer Insights on Technology Companies: Lumentum Holdings (LITE) and Super Micro Computer (SMCI)
Analysts have been eager to weigh in on the Technology sector with new ratings on Lumentum Holdings (LITE) and Super Micro Computer (SMCI).
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Lumentum Holdings (LITE)
In a report released today, Thomas O’Malley from Barclays maintained a Buy rating on Lumentum Holdings, with a price target of $1000.00. The company’s shares closed last Tuesday at $820.59.
According to TipRanks.com, O’Malley is a top 100 analyst with an average return of
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lumentum Holdings with a $1069.55 average price target, representing a 31.1% upside. In a report issued on July 29, TipRanks – OpenAI also upgraded the stock to Buy with a $790.00 price target.
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Super Micro Computer (SMCI)
Barclays analyst Tim Long maintained a Hold rating on Super Micro Computer today and set a price target of $39.00. The company’s shares closed last Tuesday at $31.60, close to its 52-week low of $17.25.
According to TipRanks.com, Long is a 5-star analyst with an average return of
Super Micro Computer has an analyst consensus of Hold, with a price target consensus of $38.78, a 21.1% upside from current levels. In a report issued on July 28, Mizuho Securities also maintained a Hold rating on the stock with a $34.00 price target.
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