# StoneX Starts Coverage of Lumentum and Coherent With Buy Ratings

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/41095
Published: 2026-10-26T15:02:30.000Z
Updated: 2026-10-26T15:02:30.000Z
Section: Investing

> 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.