Lumentum Holdings Receives a Hold from Morgan Stanley

By Carrie Williams

Morgan Stanley analyst Meta Marshall maintained a Hold rating on Lumentum Holdings (NASDAQ: LITE) today and set a price target of $66. The company’s shares closed yesterday at $60.75.

According to, Marshall is a 1-star analyst with an average return of -2.3% and a 62.5% success rate. Marshall covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Finisar Corp, and II-VI Inc.

Lumentum Holdings has an analyst consensus of Strong Buy, with a price target consensus of $84.15.

Lumentum Holdings’ market cap is currently $3.79B and has a P/E ratio of 41.61. The company has a book value ratio of 4.3814.

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Lumentum Holdings, Inc. engages in manufacturing of optical and photonic products enabling optical networking and commercial laser. Its components and subsystems are part of telecom, enterprise, and data center network. The company operates in two segments: Optical Communications and Commercial Lasers.