Lumentum stock ticks up after GF lifts target to $765 and flags 2027 optics ‘inflection’
Lumentum shares rose about 1% to $674.10 Monday after GF Securities raised its price target to $765 and reiterated a Buy rating. Analyst Jeff Pu projected CPO/NPO laser revenue of $124 million in 2026 and $500 million in 2027. Applied Optoelectronics gained about 5%. Coherent and Nvidia traded little changed.