Analysts believe this tech stock will drive the next wave of hyperscale growth. They just gave it a new higher street price target.
Lumentum Holdings (LITE) just received a major vote of confidence from Wall Street as Mizuho initiated coverage with an “outperform” rating and a $290 high price target. The optical components maker is becoming a key player in building artificial intelligence infrastructure, with more than 50% market share in indium phosphide lasers that power advanced AI…