🟢 Lumentum is trading 6.5% up today following Barclays upgrade and semiconductor rebound

Lumentum is trading 6.5% up today at $780.11 following a Barclays upgrade and a broader recovery in semiconductor stocks.

• Barclays upgraded the stock to overweight and maintained a $1,000 price target, citing strong fundamentals and calling the stock an undervalued way to play the semiconductor sector.
• The rebound follows a sharp selloff in AI-optics last week as risk-on sentiment returns to AI infrastructure plays and chip names.