Lumentum Holdings saw significant gains in 2024 due to AI impact, with potential for 60% more growth.

From Nasdaq: 2025-02-14 17:50:00

Lumentum Holdings (NASDAQ: LITE) saw a 61% stock market gain in 2024 due to AI impact. Fiscal Q2 2025 results showed 10% revenue growth to $402 million, with cloud and networking driving growth. Earnings rose 75% to $0.42/share. Lumentum’s EML shipments hit a record, with DCI market growth expected. Analysts predict 18% revenue growth in 2025, with stock price potential to reach $131 in 2027. Despite not being in the top 10 stocks to buy, Lumentum’s AI-driven growth and margin improvements make it a potential investment opportunity.

Investors are advised to consider Lumentum’s potential for growth despite not being one of the 10 best stocks to buy. The company’s AI-driven growth, margin improvements, and strong earnings growth signal a promising investment opportunity. With the potential for stock price to reach $131 by 2027, Lumentum may offer significant returns for investors.



Read more at Nasdaq: This Magnificent Artificial Intelligence (AI) Stock Delivered Stellar Gains in 2024. It Can Jump Another 60%