LITE inclusion reflects strong operational performance and growth expectations in AI-driven optical and photonic markets.
Lumentum Holdings Inc. (LITE) will join the Nasdaq-100 Index effective May 18, 2026, marking a milestone after a year of progress. The move follows improved execution and emerging growth in co-packaged optics and infrastructure scaling.
Analysts recently raised price targets, with Raymond James lifting its target to $1,014 from $491 and Rosenblatt increasing its to $1,300 from $900. Both firms cited strong revenue and margin trends, with LITE on track to hit $1.25B in quarterly revenue by late 2026 and $2B by 2027.
The company’s optical and photonic products, driven by AI and data center demand, underpin expectations for triple-digit growth and margin expansion despite a muted post-earnings market response.