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On October 12, 2026, Evercore ISI reaffirmed its "outperform" rating for Lumentum Holdings Inc (LITE), setting a target price of $1,100. The company's CEO, Mich
Lumentum CEO says components are sold out through 2029, signaling strong demand for indium phosphide and silicon photonics suppliers like AXTI, TSEM, GFS.
Lumentum's component capacity is fully sold out through early 2029 due to AI demand.The company reported latest annual revenue of $3.01B and net profit of $-6.94B.Analysts assigned an average price target of $1133.93 with multiple Buy ratings.