Barclays Says Buy More Lumentum Stock, Predicting 36% Gain

Barclays raised its rating on Lumentum (LITE) on July 20, 2026, telling investors the stock could climb about 36% to $1,000. Shares rose 7.7% to $775.87 — the day's best performer in the S&P 500. The upgrade came four months after Reuters reported Nvidia's plan to invest $2 billion in Lumentum for data center chip technology.