Lumentum Holdings stock nears $1,000 on analyst upgrades

Lumentum Holdings shares rose over 11% on September 8, 2026, approaching the $1,000 mark following positive analyst coverage. The surge in stock price is driven by increased interest in the company’s optical networking and laser products, fueled by demand for AI data center infrastructure.

Deutsche Bank initiated coverage with a Buy rating and a $1,200 price target, highlighting the company’s role in next-generation data center optical networking designs. Similarly, Evercore ISI launched coverage with an Outperform rating and a $1,100 target, citing the need for faster processors and stronger optical links to support rising connectivity requirements in AI environments.