Lumentum stock: BNP Paribas lifts target for Lumentum stock from USD 1,380 to USD 1,425

Published on 10/20/2026 at 16:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal fourth-quarter revenue rose 109.30 percent. Lumentum stock costs EUR 737.80 on October 20, 2026, down 1.50 percent versus the Xetra close.

BNP Paribas target raised

BNP Paribas lifted its Lumentum target from USD 1,380.00 to USD 1,425.00 on October 14, 2026.
Fiscal fourth-quarter revenue increased 109.30 percent year over year to USD 1.01 billion.
Lumentum stock costs EUR 737.80 at Lang & Schwarz on October 20, 2026 at 4:37 p.m. CEST, down 1.50 percent versus the October 19, 2026 Xetra close.
Fiscal first-quarter 2027 revenue guidance ranges from USD 1.225 billion to USD 1.275 billion.

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Lumentum Holdings (US55024U1097) received a higher BNP Paribas target, rising from USD 1,380.00 to USD 1,425.00 on October 14, 2026, as listed by MarketScreener. The target is 71.46 percent above the Nasdaq price of USD 831.11 at 10:48 a.m. ET on October 20, 2026. At Lang & Schwarz, Lumentum was trading at EUR 737.80 on October 20, 2026 at 4:37 p.m. CEST, down 1.50 percent versus the Xetra close of October 19, 2026 at EUR 749.00.

Revenue growth remains substantial

The latest reported quarter delivered the operating figure behind the valuation debate. MarketWatch reported that fiscal fourth-quarter revenue ended June 27, 2026 at USD 1.0063 billion, up 109.30 percent from USD 480.7 million a year earlier. GAAP operating margin reached 27.80 percent, while non-GAAP operating margin was 36.60 percent. The quarter also included a USD 7.8 billion one-time, non-cash loss on debt extinguishment, which contributed to a GAAP net loss of USD 7.2 billion.

Price position on October 20

The Nasdaq quote was USD 831.11 at 10:48 a.m. ET on October 20, 2026, with 1,630,104 shares traded. The 52-week range stood at USD 152.54 to USD 1,143.00 on October 16, 2026, placing the stock 27.29 percent below its high. Lumentum's market capitalization was USD 75.3 billion on October 20, 2026.

What does the valuation imply?

Trefis wrote on October 19, 2026 that Lumentum traded at 23.40 times trailing sales, compared with 3.10 times for the S&P 500. The company guided fiscal first-quarter 2027 revenue to USD 1.225 billion to USD 1.275 billion and non-GAAP operating margin to 39.50 percent to 40.50 percent, according to the August 11, 2026 results release carried by MarketWatch.

Comparison with peers

Lumentum: down 1.50 percent, price-to-earnings ratio minus 8.94, market capitalization USD 75.3 billion.

Coherent, Inc. (Nasdaq, USD): up 1.37 percent, price-to-earnings ratio 57.18, market capitalization USD 46.3 billion.

Ciena Corporation (NYSE, USD): up 1.37 percent, price-to-earnings ratio 77.82, market capitalization USD 49.5 billion.

Target and operating milestones

The analyst target and the fiscal first-quarter guidance point to two separate investor reference points: valuation expectations and the pace of reported execution. Lumentum's fiscal-year 2026 revenue was USD 3.014 billion, up 83.20 percent from USD 1.645 billion in fiscal year 2025.

The further course of trading is shown by the continuously updated real-time quote of Lumentum stock.