Lumentum (LITE) stock is pushing higher on Monday after StoneX initiated coverage with a “Buy” rating, backing the optical networking firm’s exposure to next-gen artificial intelligence (AI) infrastructure. In a research note this morning, analyst Cody Acree assigned a bullish $1,200 price target on LITE, implying potential upside of nearly 50% from current levels.
Lumentum shares have already been a blockbuster investment in 2026, currently trading at more than 2x their price at the start of this year.
