Rosenblatt is Bullish on Lumentum Holdings Inc. (LITE)

Lumentum Holdings Inc. (NASDAQ:LITE) is among the 12 Best Performing Stocks in February.

On March 3, 2026, Rosenblatt analyst Mike Genovese increased the price objective for Lumentum Holdings Inc. (NASDAQ:LITE) from $580 to $900 while maintaining a Buy rating. Rosenblatt predicted higher earnings after NVIDIA decided to invest $2 billion in the company and make multibillion-dollar purchase agreements to secure future capacity availability for complex lasers and optical components. The analyst linked the deals to the demand for co-packaged optics that support next-generation computing systems.

On March 2, 2026, NVIDIA and Lumentum Holdings Inc. (NASDAQ:LITE) announced multiyear strategic agreements to improve optics technology for AI infrastructure. NVIDIA made multibillion-dollar purchases and invested $2 billion to assist R&D, capacity growth, and operations related to U.S. manufacturing. NVIDIA CEO Jensen Huang noted that AI is driving a significant computing infrastructure buildout. Lumentum Holdings Inc. (NASDAQ:LITE) CEO Michael Hurlston said that the deal boosts collaboration on optics technologies and promotes the development of a new fabrication facility to improve production capacity and speed innovation for AI data centers.

Lumentum Holdings Inc. (NASDAQ:LITE) offers optical and photonic products. It works in the Cloud and Networking and Industrial Tech areas.

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