Lumentum stock up 135% YTD as AI optical demand outruns supply
The gist
Lumentum shares are up 135% year-to-date; CEO Michael Hurlston says optical components are sold out through early 2029.
Analysts split on whether the rally has already priced in that growth.
How it unfolded
- Aug 12, 2026JPMorgan lifted its Lumentum price target from $1,165 to $1,280 with an overweight rating, while Mizuho raised its target to $1,140 and Bank of America cut its target to $1,000 with a neutral rating.
- Oct 7, 2026Argus raised its LITE target price to $1,332; the stock was listed at $866.18 at the time.
- Oct 9, 2026LITE hit a high of $1,143, after trading near $602 at the end of July.