Lumentum Price Target Raised to $645 by Mizuho

Analysts see continued growth potential for the optical technology company.

Published on Feb. 28, 2026

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Lumentum (NASDAQ:LITE), a leading provider of photonic technologies for optical communications and industrial applications, had its price target raised to $645 by Mizuho Securities. Mizuho maintained its outperform rating on the stock, citing the company's strong performance and growth prospects.

Why it matters

Lumentum is a key supplier of critical optical components for high-speed fiber optic networks, data centers, and industrial applications. As demand for these technologies continues to rise, Lumentum's ability to meet that demand and grow its business is an important indicator of the overall health of the optical communications industry.

The details

Mizuho raised its price target on Lumentum from $350 to $645, representing a significant increase in the analysts' valuation of the company. Other research firms have also issued positive ratings and price targets on Lumentum, with the consensus price target now at $447.38. The company recently reported strong quarterly earnings, with revenue up 65.5% year-over-year and earnings exceeding analyst expectations.

  • Lumentum reported its latest quarterly earnings on February 3, 2026.
  • Mizuho issued its updated price target and rating on Lumentum on February 20, 2026.

The players

Lumentum

A leading provider of photonic technologies for optical communications and industrial applications, headquartered in San Jose, California.

Mizuho

A global financial services group and one of the largest investment banks in Japan.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

The takeaway

Lumentum's strong performance and growth prospects, as evidenced by the price target increase, highlight the continued demand for advanced optical technologies in the communications and industrial sectors. This is a positive sign for the overall health of the optical communications industry.