We recently published Millionaire Makers: 10 Stocks That Paid Off Big Last Week. Lumentum Holdings Inc. (NASDAQ:LITE) was one of the top performers last week.
Lumentum Holdings saw its share prices jump by 15.52 percent week-on-week as investors loaded portfolios ahead of the results of its earnings performance, while cheering an investment firm’s higher price target for its stock.
According to the company, it is scheduled to announce its financial and operating highlights for the second quarter of 2026 after market close on Tuesday, February 3, 2026. A conference call will be held to discuss the results.
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On Friday, Lumentum Holdings Inc. (NASDAQ:LITE) received a $350 price target from Morgan Stanley, a marked upgrade from the $304 previously. However, it maintained an “equal weight” rating for its stock.
“With LITE up ~100 percent since FQ1 results in early November, it is of little surprise that the name was the highest volume for incremental investors as we closed out the year,” Morgan Stanley said in its coverage, adding that the stock move was primarily driven by a more bullish sentiment on earnings power given price hikes leading to better-than-expected margins, optical circuit switching (OCS) opportunities, and exposure to Google through transceivers and OCS.
Morgan Stanley said that investors are now turning more neutral ahead of the upcoming results on concerns about how much higher expectations can still go, particularly as it sees the company will remain “capacity constrained” in many categories.
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Disclosure: None. This article is originally published at Insider Monkey.
