Lumen Technologies (NYSE:LUMN) Price Target Raised to $9.00

Lumen Technologies (NYSE:LUMN) had its target price increased by Wells Fargo & Company from $8.00 to $9.00 in a report released on Friday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. Citigroup cut their target price on shares of Lumen Technologies from $11.00 to $10.00 and set a “neutral” rating for the company in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a research report on Tuesday, April 21st. TD Cowen lifted their target price on shares of Lumen Technologies from $8.00 to $9.00 and gave the stock a “hold” rating in a research report on Wednesday, May 6th. The Goldman Sachs Group lifted their target price on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a research report on Wednesday, February 4th. Finally, Zacks Research cut shares of Lumen Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 5th. Nine research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and a consensus target price of $8.04.

Lumen Technologies Stock Down 0.1%

Shares of NYSE LUMN opened at $8.48 on Friday. Lumen Technologies has a 52 week low of $3.37 and a 52 week high of $11.95. The firm has a 50-day moving average price of $7.48 and a 200 day moving average price of $8.06. The stock has a market capitalization of $8.73 billion, a price-to-earnings ratio of -4.87 and a beta of 1.65.

Lumen Technologies (NYSE:LUMN) last announced its earnings results on Tuesday, May 5th. The technology company reported ($0.47) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.34). The business had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.83 billion. The company’s revenue was down 8.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.13) EPS. Equities research analysts expect that Lumen Technologies will post -0.39 EPS for the current fiscal year.

Insider Activity at Lumen Technologies

In other news, Director Diankha Linear sold 45,000 shares of Lumen Technologies stock in a transaction dated Friday, February 20th. The shares were sold at an average price of $7.89, for a total transaction of $355,050.00. Following the completion of the sale, the director directly owned 198,229 shares in the company, valued at $1,564,026.81. The trade was a 18.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 2.30% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lumen Technologies

A number of hedge funds and other institutional investors have recently modified their holdings of LUMN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Lumen Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 602,705 shares of the technology company’s stock worth $2,363,000 after buying an additional 26,305 shares in the last quarter. Empowered Funds LLC grew its holdings in shares of Lumen Technologies by 26.8% during the first quarter. Empowered Funds LLC now owns 272,031 shares of the technology company’s stock worth $1,066,000 after buying an additional 57,522 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of Lumen Technologies by 11.2% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 2,985,216 shares of the technology company’s stock worth $11,702,000 after buying an additional 300,328 shares in the last quarter. Cetera Investment Advisers grew its holdings in shares of Lumen Technologies by 15.8% during the second quarter. Cetera Investment Advisers now owns 119,673 shares of the technology company’s stock worth $524,000 after buying an additional 16,332 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Lumen Technologies by 6.3% during the second quarter. Invesco Ltd. now owns 10,928,906 shares of the technology company’s stock worth $47,869,000 after buying an additional 652,124 shares in the last quarter. 66.19% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Lumen Technologies

Here are the key news stories impacting Lumen Technologies this week:

• Positive Sentiment: Wells Fargo raised its price target on Lumen Technologies to $9 from $8, signaling modest upside and reinforcing investor interest in the stock. Benzinga
• Positive Sentiment: UBS also lifted its price target on Lumen, indicating expectations for stronger share price appreciation despite keeping a neutral rating. American Banking News
• Positive Sentiment: Investor focus remains on Lumen’s $13 billion in AI-driven PCF deals and growing network-as-a-service traction, which could support future revenue growth and improve sentiment. Zacks
• Neutral Sentiment: Lumen priced $1 billion of 7.500% senior notes due 2037, a financing move that should improve liquidity but also adds to interest expense and leverage. Business Wire
• Negative Sentiment: Recent coverage continues to highlight Lumen’s Q1 earnings miss, wider loss, and revenue decline, underscoring ongoing pressure on the company’s core fundamentals. Zacks
• Negative Sentiment: Zacks Research downgraded Lumen from strong-buy to hold, reflecting a more cautious stance after the stock’s recent run-up. Tickerreport

Lumen Technologies Company Profile

Lumen Technologies is a multinational technology company specializing in integrated network, edge cloud, security and collaboration services for enterprise and public sector clients. The company’s core offerings include high-capacity fiber and IP-based connectivity, managed edge computing solutions designed to accelerate applications and data processing closer to end users, and cybersecurity services ranging from DDoS protection to unified threat management. Through its unified portfolio, Lumen enables organizations to support digital transformation initiatives, modernize infrastructure and enhance operational resilience.

Leveraging one of the largest fiber footprints in North America, as well as infrastructure in Latin America and parts of Europe, Lumen connects customers across more than 60 countries.