Stifel raises target for Lumentum stock from USD 1,100.00 to USD 1,232.00

Published on 10/08/2026 at 16:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Fiscal fourth-quarter revenue reached USD 1.01 billion, up 109.30 percent year over year. Lumentum stock costs EUR 976.80 on October 8, 2026 versus EUR 993.05.

Key points in brief

Stifel raised its Lumentum price target from USD 1,100.00 to USD 1,232.00 on October 5, 2026.
Fiscal fourth-quarter revenue reached USD 1.01 billion, up 109.30 percent year over year.
Lumentum stock was at EUR 976.80 at Lang & Schwarz on October 8, 2026, down 1.64 percent versus EUR 993.05.
Fiscal first-quarter 2027 revenue guidance is USD 1.225 billion to USD 1.275 billion, with non-GAAP operating margin guidance of 39.50 percent to 40.50 percent.

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Lumentum stock (ISIN US55024U1097) was trading at EUR 976.80 at Lang & Schwarz on October 8, 2026 at 4:30 p.m. CEST, down 1.64 percent versus EUR 993.05. On October 5, 2026, Stifel raised its price target for Lumentum from USD 1,100.00 to USD 1,232.00 while maintaining a Buy rating, according to Investing.com.

Three milestones reset expectations

On August 11, 2026, Lumentum reported fiscal fourth-quarter revenue of USD 1.01 billion, up 109.30 percent year over year, while non-GAAP earnings per share reached USD 3.23 against USD 2.97 consensus. The earnings call transcript published by Yahoo Finance also stated that non-GAAP operating margin was 36.60 percent.

On September 30, 2026, Sanford C. Bernstein initiated coverage with an Outperform rating and a USD 1,220.00 target, as reported by MarketBeat. Stifel's October 5 target of USD 1,232.00 became the latest dated target cited in the reviewed coverage.

On October 5, 2026, Stifel's target move added USD 132.00, or 12.00 percent, to its previous target. The revision puts the new target 26.13 percent above the current Nasdaq quote of USD 1,093.99 on October 8, 2026, although the two prices use different currencies and are not a direct return comparison.

What does the guidance mean for margins?

Lumentum's fiscal first-quarter 2027 guidance calls for revenue of USD 1.225 billion to USD 1.275 billion and non-GAAP operating margin of 39.50 percent to 40.50 percent, according to Yahoo Finance. The midpoint revenue guide of USD 1.25 billion would be 23.76 percent above fiscal fourth-quarter revenue of USD 1.01 billion, while the midpoint margin of 40.00 percent would exceed the prior quarter's 36.60 percent by 3.40 percentage points.

The company said components revenue reached USD 649.00 million in fiscal fourth-quarter 2026, up 103.00 percent year over year, while systems revenue reached USD 357.00 million, up 123.00 percent. That mix matters because Lumentum is adding capacity for 1.6T transceivers, high-power lasers and optical circuit switching while demand continues to exceed supply in several product lines.

Next reporting date approaches

CNBC lists November 2, 2026 as the estimated next earnings date. The date will place the fiscal first-quarter guidance under scrutiny, particularly the 39.50 percent to 40.50 percent non-GAAP operating margin range.

Stock trades below its prior close

Lumentum was trading at EUR 976.80 at Lang & Schwarz on October 8, 2026 at 4:30 p.m. CEST, down 1.64 percent versus the prior close of EUR 993.05. The Nasdaq quote was last at USD 1,093.99 on October 8, 2026 at 10:30 a.m. EDT, while the 52-week range was USD 147.81 to USD 1,137.21 and market capitalization was USD 85.1 billion.

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