Lumen stock fell despite early gains due to macroeconomic risk factors and mixed economic signals

From Nasdaq: 2025-02-21 19:09:39

Lumen (NYSE: LUMN) stock ended Friday down 0.5% despite early gains, influenced by macroeconomic risk factors. An analyst upgraded the company’s rating, setting a one-year price target of $5 per share. However, recent data, including weakened consumer confidence and declining home sales, signaled bearish trends in the U.S. economy. Lumen’s stock has seen significant gains, driven by sales of Private Connectivity Fabric technologies to companies like Microsoft and Meta Platforms for AI data center initiatives. The company’s high debt load and poor performance in other areas pose risks, but AI-related sales could lead to substantial upside potential.



Read more at Nasdaq: Why Lumen Stock Fell Today After First Posting Big Gains