02:30 PM EDT, 03/20/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We raise our 12-month target price by $90 to $790, 54.9x our FY 27 (Jun.) EPS estimate of $14.40, a slight premium to its 10-year historical average P/E of 51.1x. Demand for LITE's products, particularly ultra-high-powered lasers for optical scale-out and scale-up, is outpacing supply, leading to a situation where the company is undershipping the market by about 25% to 30%, suggesting robust market demand and opportunity for growth. LITE has significantly increased its indium phosphide output since FY 23, with plans to further boost output by 50% from the last quarter of CY 2025 to the last quarter of CY 2026, reflecting strong operational growth and capacity expansion market demand and opportunity for growth. Strategic investments, such as the acquisition of a new indium phosphide fab in Greensboro, are expected to markedly increase capacity and position LITE to meet growing demand from major customers like NVIDIA, among others.