JPMorgan lifts Lumentum target 68% to $95 on AI tailwinds

Sarah Lin

·Apr 09 2026, 09:22

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JPMorgan raises its price target on Lumentum Holdings Inc. (LITE) to $95 from $56.50, implying nearly 100% upside from the current price.
The 68% target increase is driven by expected demand for optical components from data centers and AI infrastructure build-outs.
The move signals growing confidence in the optical communications sector's role in the AI supply chain.

JPMorgan Chase & Co. boosted its price target for optical communications firm Lumentum Holdings Inc. (LITE) by 68% to $95, citing accelerating demand from the artificial intelligence sector.

The bank’s analysts said the revision reflects the critical role of Lumentum's high-speed optical components in the construction of data centers needed for AI applications.

The new $95 price target is up from a previous $56.50. Based on Lumentum's closing price of around $48 on April 9, the new target implies an upside of approximately 98%.

This bullish revision for Lumentum may signal a broader re-evaluation of the optical communications industry. As tech giants continue to invest heavily in AI capabilities, suppliers like Lumentum and its competitor Coherent Corp. are expected to see sustained demand.

The forecast suggests a significant reassessment of Lumentum's earnings potential. Investors will watch the company's upcoming earnings call on May 9 for signs of this accelerating demand.

This article is for informational purposes only and does not constitute investment advice.