Lumentum Holdings shares rise 5.14% intraday after Northland Capital raises price target to $350.

Lumentum Holdings surged 5.14% intraday following a series of analyst upgrades and positive market sentiment. The stock gained momentum as Mizuho Securities initiated coverage with an outperform rating and a $290 price target, while Northland Capital raised its target to $350, reflecting confidence in Lumentum’s AI optics growth. Additionally, recent reports highlighted a "street-high" price target and bullish power inflow signals, reinforcing investor optimism. The stock’s rebound and all-time high, driven by these analyst actions and expectations of robust hyperscaler demand, directly contributed to the intraday rally.