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Rosenblatt Boosts Lumentum Price Target To $225, Keeps Buy Rating

Rosenblatt Securities raised its price target on Lumentum (NASDAQ: LITE) to $225 from $150 while maintaining a Buy rating, reaffirming the stock as its top idea for 2025.

The firm said its new valuation was based on 35x consensus FY27 EPS, supported by strong momentum in demand for 200G EML lasers used in 1.6T and certain 800G data center transceivers, as well as narrow linewidth tunable lasers used in telecom and coherent DCI modules.

Rosenblatt added that mid-term demand drivers such as optical circuit switches and ultra-high-power lasers for co-packaged optics were building nine-figure order books and already shipping in smaller volumes, further strengthening the company’s outlook.

Published on: September 22, 2025