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Wall Street is clearly feeling spicy
Susquehanna didn’t just nudge Lumentum higher — it doubled the price target to $1,100 from $550 and kept a Positive rating. That’s the kind of move that says, “We’re not dabbling, we’re leaning in.”
Why this matters
Lumentum makes optical and photonic gear that helps move data around the internet, which is a fancy way of saying it’s one of the picks-and-shovels names for the AI buildout and cloud networking boom. When analysts lift targets this aggressively, they’re basically saying demand could stay hotter for longer than the market was pricing in.
Investors are watching the same thing everyone else is
This comes as Lumentum has been riding a wave of bullish commentary from multiple brokers, with other firms also lifting targets in recent days. That can be a nice sentiment tailwind — especially for a stock that can move fast when the AI infrastructure trade is in favor.
Big picture
If the AI arms race is the new gold rush, Lumentum is selling a lot of the shovels and conveyor belts. Susquehanna just told you it thinks there may be more runway left in the rally.