Lumentum Holdings shares have soared 136% year-to-date, significantly outperforming the broader technology sector. The stock has rallied 907.5% over the past 52 weeks, compared to a 54% return for the State Street Technology Select Sector SPDR ETF. Lumentum's fiscal third-quarter revenue reached $808.4 million, a 90.1% surge from the prior year, while adjusted earnings per share jumped 315.8% to $2.37. Analysts hold a consensus Strong Buy rating on the stock, with a mean price target of $1,119.10 implying a 28.6% premium to current levels.
Lumentum Holdings IncStrong earnings growth and analyst consensus Strong Buy rating with price target premium
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