StoneX initiated coverage of Lumentum (LITE) with a Buy rating and a $1,200 price target, according to a BlockBeats report on the firm’s Oct. 26 note.
Perpetual contracts rally
TradingBeats data showed Hyperliquid LITE and AAOI perpetual contracts up 9.53% and 9.91% over 24 hours at publication, after each briefly rose more than 10%. The source quoted LITE at $823.43 and AAOI at $72.401; these are perpetual-contract figures, not necessarily spot-equity prices.