Lumentum Holdings (LITE) Soars 15% on PT Hike Ahead of Earnings

We precocious published Millionaire Makers: 10 Stocks That Paid Off Big Last Week.  Lumentum Holdings Inc. (NASDAQ:LITE) was 1 of the apical performers past week.

Lumentum Holdings saw its stock prices leap by 15.52 percent week-on-week arsenic investors loaded portfolios up of the results of its net performance, portion cheering an concern firm’s higher terms people for its stock.

According to the company, it is scheduled to denote its fiscal and operating highlights for the 2nd 4th of 2026 aft marketplace adjacent connected Tuesday, February 3, 2026. A league telephone volition beryllium held to sermon the results.

Photo by Tima Miroshnichenko connected Pexels

On Friday, Lumentum Holdings Inc. (NASDAQ:LITE) received a $350 terms people from Morgan Stanley, a marked upgrade from the $304 previously. However, it maintained an “equal weight” standing for its stock.

"With LITE up ~100 percent since FQ1 results successful aboriginal November, it is of small astonishment that the sanction was the highest measurement for incremental investors arsenic we closed retired the year," Morgan Stanley said successful its coverage, adding that the banal determination was chiefly driven by a much bullish sentiment connected net powerfulness fixed terms hikes starring to better-than-expected margins, optical circuit switching (OCS) opportunities, and vulnerability to Google done transceivers and OCS.

Morgan Stanley said that investors are present turning much neutral up of the upcoming results connected concerns astir however overmuch higher expectations tin inactive go, peculiarly arsenic it sees the institution volition stay “capacity constrained” successful galore categories.

While we admit the imaginable of LITE arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double successful 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This nonfiction is primitively published at Insider Monkey.