StoneX Starts Coverage of Lumentum and Coherent With Buy Ratings
According to GuruFocus, StoneX initiated Lumentum and Coherent at Buy, with a $1,200 target for Lumentum, as both shares climbed intraday.
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what happened
GuruFocus reported that StoneX began coverage of Lumentum Holdings, a producer of optical and photonic parts, with a Buy rating and a $1,200 price target. Lumentum gained 7.99% intraday by 11:20 a.m. Eastern time. StoneX also rated rival Coherent Buy, and its shares rose 5.16%.
The move follows a steep drop in Lumentum's stock from its 52-week peak of $1,143, a level now below StoneX's target. MaxLinear, on its earnings call last week, said sector demand is strong: CEO Kishore Seendripu put expected optical pluggable unit volumes for 2027 or 2028 near 200 million, up from roughly 120 million, while chip fab capacity lags behind.
why it matters
For investors, the note is a signal on demand in optical components: higher volume estimates alongside fab capacity that is not keeping pace point to possible supply tightness. Such signals often spread across the whole segment, including other optics makers.
market impact
Optical components: strong demand and lagging capacity support Lumentum and Coherent shares
tags
instruments
sources
- Lumentum, Coherent Rise as StoneX Backs Optical Names — gurufocus.com, 26 October 2026 at 18:53 UTC
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