Barclays Upgrades Lumentum Stock with $1,000 Price Target
On July 20, 2026, Barclays analyst Tom O'Malley upgraded Lumentum Holdings (LITE) to 'Overweight' and set a price target of $1,000. The upgrade is based on the company's strong margin expansion compared to peers like Coherent (COHR), with gross margins rising by approximately 1300 basis points over the past year.
Topics: Barclays Investment Recommendation Lumentum Semiconductors