March 3, 2026
Analyst Bio:
Rosenblatt analyst Mike Genovese increased the price objective for Lumentum Holdings Inc. (NASDAQ:LITE) from $580 to $900 while maintaining a Buy rating. Rosenblatt predicted higher earnings after NVIDIA decided to invest $2 billion in the company and make multibillion-dollar purchase agreements to secure future capacity availability for complex lasers and optical components. The analyst linked the deals to the demand for co-packaged optics that support next-generation computing systems.
