Lumentum (LITE) Joins Nasdaq-100 Index

Jeff Lewis

Mon, May 18, 2026 at 11:11 AM EDT 2 min read

Lumentum Holdings Inc. (NASDAQ:LITE) is one of the

10 Fastest Growing S&P 500 Stocks to Buy Now.

On May 11, 2026, Lumentum Holdings Inc. (NASDAQ:LITE) announced that it will be added to the Nasdaq-100 Index, with inclusion set to take effect before the market opens on May 18, 2026. The company described the addition as a significant milestone following its progress over the past year.

On May 6, 2026, Raymond James analyst Simon Leopold raised the firm’s price target on Lumentum Holdings Inc. (NASDAQ:LITE) to $1,014 from $491 while maintaining an Outperform rating on the shares. The firm said Lumentum delivered a modest beat-and-raise quarter supported by improving operational execution and emerging growth drivers, including co-packaged optics, optical circuit switching, and scale-up infrastructure. Raymond James added that these trends support expectations for continued triple-digit growth and margin expansion despite a relatively muted market reaction following earnings.

Rosenblatt analyst Mike Genovese also raised the firm’s price target on Lumentum Holdings Inc. (NASDAQ:LITE) to $1,300 from $900 while maintaining a Buy rating on the shares. The firm said Lumentum appears on track to achieve or exceed its target of reaching $1.25B in quarterly revenue by the end of calendar 2026 and $2B in quarterly revenue by the end of 2027, while margins are progressing ahead of internal targets.

Lumentum Holdings Inc. (NASDAQ:LITE) manufactures and sells optical and photonic products across the Americas, Asia-Pacific, Europe, the Middle East, and Africa.

While we acknowledge the potential of LITE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and Cathie Wood 2026 Portfolio: 10 Best Stocks to Buy. 

Disclosure: None. Follow Insider Monkey on Google News.