Lumentum analyst commentary at MKM Partners Lumentum price target raised to $66 from $60 at MKM Partners. MKM Partners analyst Michael Genovese raised his price target on Lumentum to $66 and kept his Buy rating after its Q3 results. The analyst says that while earnings missed by a penny, the global ROADM, or reconfigurable optical add-drop multiplexer, demand in U.S. and Europe remains strong, with added momentum coming from the build-out of the Metro networks in China. Genovese contends that Lumentum has "at least a couple more quarters of growth" with no meaningful inventory build happening in ROADMs.
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This was after Q2 2019 figures early February.