Lumentum Jumps 8% as StoneX Starts Coverage With $1,200 Target; Applied Optoelectronics and Coherent Climb 6%

Applied Optoelectronics (NASDAQ:AAOI) Shares Climb 7% - Time to Buy?

Applied Optoelectronics (NASDAQ:AAOI) Shares Climb 7% - What's Next?

Lumentum Jumps 8% as StoneX Starts Coverage With $1,200 Target; Applied Optoelectronics and Coherent Climb 6%

A single Buy rating from a firm new to the name sent optical networking stocks surging well past the broader market, raising a pointed question about whether this is a genuine sector rebound or just a short-lived bounce after a brutal month.

StoneX Starts Coverage of Lumentum and Coherent With Buy Ratings

The targets are $1,200 a share for Lumentum and $425 for Coherent; both companies have cited customer activity in optical technology for AI data centers.