Top Wall Street analysts are bullish on these 3 stocks for the long haul
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- Lumentum had its price target lifted to $950 (from $565) by JPMorgan analyst Samik Chatterjee after the OFC conference, with earnings projected at $24 EPS in 2027 and $36 in 2028.
- Broadcom signed a multi‑year AI compute contract with Meta and expanded its AI chip partnerships with Google and Anthropic, prompting Benchmark analyst Cody Acree to maintain a buy rating.
- Anthropic launched its Opus 4.7 model on April 19, accelerating AI workloads that fuel demand for optical networking and chip solutions.
- Google released a free Gemini Mac app for macOS, broadening AI integration and supporting the hardware demand highlighted by the analyst upgrades.
Why it matters: Investors in Lumentum and Broadcom stand to gain as JPMorgan’s $5.94 EPS beat and AI‑driven demand push price targets higher, while rivals lacking optical or chip capacity risk losing market share as AI workloads expand.
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