Lumentum's Surge: Hot Stock or Speculative Play?

Lumentum Holdings (LITE) skyrockets 340% in a year, hitting new highs, with a perfect buy rating from Barchart. Analysts are mostly bullish, but price targets vary widely. Fundamentals show significant growth, with revenue and earnings expected to surge. However, the stock is highly valued and faces short interest. Despite mixed professional views and high volatility, Lumentum remains a speculative play, with key support at $383. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.