Morgan Stanley Views Lumentum (LITE) Positively on Optical Markets Growth Potential

Lumentum Holdings Inc. (NASDAQ:LITE) is one of 15 stocks with the biggest hedge fund momentum, after gaining 26 hedge fund holders during the fourth quarter of 2025. On February 23, Morgan Stanley increased the price target on Lumentum Holdings Inc. (NASDAQ:LITE) to $520 from $420, while retaining the stock’s Equal Weight rating, citing the increasing speed of investment in AI data centers. According to Morgan Stanley analysts, optical markets are set to grow to more than $65 billion by 2028 from about $ ...