LITE ▲ +4.1% - Lumentum Holdings Inc. $LITE Jefferies analyst Blayne Curtis raised the firm's price target on Lumentum (LITE) to $1,250 from $1,200 and keeps a Buy rating on the shares. The firm is positive on the company taking a larger share of Alphabet's (GOOGL) optical circuit switching - OCS - demand and 1.6T transceiver exposure, the analyst tells investors in a research note. Lumentum should become Alphabet's top OCS supplier next year, overtaking its in-house production, the firm added. 20-OCT-2026 06:50 PM ET