Lumen Technologies Inc has a consensus price target of $3.65 based on the ratings of 13 analysts. The high is $7 issued by JP Morgan on November 3, 2022. The low is $1.5 issued by Goldman Sachs on November 10, 2023. The 3 most-recent analyst ratings were released by TD Cowen, Goldman Sachs, and Goldman Sachs on November 6, 2024, November 6, 2024, and October 4, 2024, respectively. With an average price target of $5.17 between TD Cowen, Goldman Sachs, and Goldman Sachs, there's an implied -34.76% downside for Lumen Technologies Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Lumen Technologies (NYSE:LUMN) was reported by TD Cowen on November 6, 2024. The analyst firm set a price target for $6.00 expecting LUMN to fall to within 12 months (a possible -24.24% downside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Lumen Technologies (NYSE:LUMN) was provided by TD Cowen, and Lumen Technologies maintained their hold rating.
The last upgrade for Lumen Technologies Inc happened on August 7, 2024 when JP Morgan raised their price target to N/A. JP Morgan previously had an underweight for Lumen Technologies Inc.
The last downgrade for Lumen Technologies Inc happened on August 16, 2024 when Wells Fargo changed their price target from $1.75 to $4 for Lumen Technologies Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Lumen Technologies, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Lumen Technologies was filed on November 6, 2024 so you should expect the next rating to be made available sometime around November 6, 2025.
While ratings are subjective and will change, the latest Lumen Technologies (LUMN) rating was a maintained with a price target of $7.00 to $6.00. The current price Lumen Technologies (LUMN) is trading at is $7.92, which is out of the analyst’s predicted range.
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