Add as a preferred source on GoogleStoneX Starts Coverage of Lumentum and Coherent With Buy Ratings
The targets are $1,200 a share for Lumentum and $425 for Coherent; both companies have cited customer activity in optical technology for AI data centers.
StoneX opened coverage of Lumentum Holdings Inc. and Coherent Corp. with Buy ratings Monday, setting targets of $1,200 and $425 per share, respectively, as both companies cite customer activity in AI data center optics.
Lumentum reported $1.01 billion in revenue for its fiscal fourth quarter, which ended June 27. It cited demand for high-power lasers used in co-packaged optics, an initial order for external laser source modules and engagements involving near-packaged optics.
Coherent has more than 10 customer engagements each for co-packaged optics and near-packaged optics. It expects revenue from its PhotonLink platform to begin ramping in the fourth quarter of calendar 2026.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.