# Lumentum Stock Rises After Citigroup Upgrade

> Citigroup boosts Lumentum target, stock jumps 7.4%.
- Title: Lumentum Stock Rises After Citigroup Upgrade | Shortify
- Summary: Citigroup boosts Lumentum target, stock jumps 7.4%. Citigroup raised Lumentum's price target to $1400 from $1200, lifting shares 7.4% to $989.11.
- Keywords: lumentum holdings inc, citigroup, price target, stock market, communication equipment, market capitalization, Lumentum, Stock, Rises, Upgrade, Alphastreet - Earnings Decoded. Market Intelligence Delivered
- Source: Alphastreet - Earnings Decoded. Market Intelligence Delivered — https://news.alphastreet.com/lumentum-holdings-jumps-7-4-after-citigroup-maintains-buy
- Author: AlphaStreet Newsdesk
- Published: 2026-09-29T14:35:01+00:00
- Read time: 1 min
- Topics: lumentum holdings inc, citigroup, price target, stock market, communication equipment, market capitalization
## Lumentum stock surge
Lumentum Holdings surged 7.4% to $989.11 on Tuesday.
## Citigroup upgrade
Citigroup raised target from $1200 to $1400.
## Trading activity
Volume hit 2.4M shares, market cap reached $88.7B.
## Analyst confidence
Analysts see continued strength in Lumentum's business fundamentals.
## What to watch
Monitor if other firms follow with higher targets.
## Key takeaway

Citigroup raised Lumentum's price target to $1400 from $1200, lifting shares 7.4% to $989.11.