Lumentum Shares Rise 9.4% - Still a Buy?

Analysts weigh in on the technology company's recent stock performance.

Published on Mar. 9, 2026

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Lumentum Holdings Inc. (NASDAQ:LITE) shares rose 9.4% during mid-day trading on Monday, reaching as high as $628.70 per share. The stock's surge came on trading volume of 3.6 million shares, down 32% from the average daily volume. The stock had previously closed at $558.44.

Why it matters

Lumentum is a leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications. The company's stock performance is closely watched by investors and analysts as an indicator of broader trends in the technology and telecommunications sectors.

The details

A number of brokerages have commented on Lumentum's stock, with several raising their price targets. Morgan Stanley raised its price objective to $520, while Mizuho increased its target to $645. JPMorgan Chase & Co. and Needham & Company also raised their price targets on the stock.

  • Lumentum's stock rose 9.4% during mid-day trading on Monday, March 9, 2026.

The players

Lumentum Holdings Inc.

A leading provider of photonic technologies that enable high-speed optical communication networks and advanced industrial applications.

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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)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.