Lumentum (LITE) Soars 10.18% on 29% Price Target Hike

Lumentum Holdings Inc. (NASDAQ:LITE) is one of the 10 Stocks Dominating Today’s Market Action. Lumentum Holdings extended its winning streak to a fifth straight session on Thursday, jumping 10.18 percent to close at $772.13 apiece, as investors took heart from Bank of America’s (BofA) price target rating and optimistic outlook for the AI optics market, saying that the total addressable market could hit $90 billion over the next four years. In a market note, BofA raised its price target for Lumentum Hold ...