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flag Lumentum hit a 52-week high on March 20, 2026, fueled by strong AI demand, earnings, and bullish analyst sentiment.

flag Lumentum (LITE) surged to a 52-week high of $787.45 on March 20, 2026, closing at $740.44 amid strong demand for its AI-driven optical components. flag The rally followed Bank of America raising its price target by nearly 29%, a major OCS contract win, and ambitious revenue goals of $2 billion per quarter in AI data center sales. flag Multiple brokers issued “buy” ratings, citing growth tied to hyperscale network upgrades and NVIDIA’s ecosystem. flag The company reported strong earnings with $1.67 EPS and a 65.5% year-over-year revenue increase, though a high P/E ratio of 216.42 and analyst caution over valuation persist. flag Pre-indexing buying and a Power Inflow alert signaled strong intraday buying pressure, while insider sales were noted but not seen as concerning.

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