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Lumen Technologies
LUMNNYSE
Lumen Technologies (NYSE:LUMN) Stock, Analyst Ratings, Price Targets, Forecasts
Lumen Technologies Inc has a consensus price target of $2.56 based on the ratings of 10 analysts. The high is $7 issued by JP Morgan on November 3, 2022. The low is $1 issued by Goldman Sachs on July 1, 2024. The 3 most-recent analyst ratings were released by Goldman Sachs, RBC Capital, and Goldman Sachs on July 1, 2024, March 11, 2024, and November 10, 2023, respectively. With an average price target of $1.42 between Goldman Sachs, RBC Capital, and Goldman Sachs, there's an implied -1.62% downside for Lumen Technologies Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Goldman Sachs
RBC Capital
Goldman Sachs
UBS
Morgan Stanley
1calculated from analyst ratings
Analyst Ratings for Lumen Technologies
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 07/01/2024 | Buy Now | -30.56% | Goldman Sachs | James Schneider | → $1 | Initiates | → Sell | Get Alert |
| 03/11/2024 | Buy Now | 21.53% | RBC Capital | Bora Lee | $1.25 → $1.75 | Maintains | Sector Perform | Get Alert |
| 11/10/2023 | Buy Now | 4.17% | Goldman Sachs | Brett Feldman | $3 → $1.5 | Maintains | Neutral | Get Alert |
| 11/09/2023 | Buy Now | 4.17% | Goldman Sachs | Brett Feldman | $3 → $1.5 | Maintains | Neutral | Get Alert |
| 11/02/2023 | Buy Now | 4.17% | UBS | Batya Levi | $2.5 → $1.5 | Maintains | Neutral | Get Alert |
| 09/05/2023 | Buy Now | 25% | Morgan Stanley | Simon Flannery | $2.5 → $1.8 | Maintains | Underweight | Get Alert |
| 08/17/2023 | Buy Now | 56.25% | RBC Capital | Bora Lee | $2.75 → $2.25 | Maintains | Sector Perform | Get Alert |
| 08/03/2023 | Buy Now | 108.33% | Goldman Sachs | Brett Feldman | $3.5 → $3 | Maintains | Neutral | Get Alert |
| 06/26/2023 | Buy Now | 73.61% | Morgan Stanley | Simon Flannery | $2.5 → $2.5 | Reiterates | Underweight → Underweight | Get Alert |
| 06/06/2023 | Buy Now | — | Raymond James | Frank Louthan | — | Upgrade | Underperform → Market Perform | Get Alert |
| 05/04/2023 | Buy Now | 38.89% | B of A Securities | David Barden | $4 → $2 | Maintains | Underperform | Get Alert |
| 05/04/2023 | Buy Now | 143.06% | Goldman Sachs | Brett Feldman | $4 → $3.5 | Maintains | Neutral | Get Alert |
| 05/03/2023 | Buy Now | 108.33% | Wells Fargo | Eric Luebchow | $5 → $3 | Maintains | Equal-Weight | Get Alert |
| 03/13/2023 | Buy Now | 73.61% | Morgan Stanley | Simon Flannery | $6 → $2.5 | Maintains | Underweight | Get Alert |
| 02/08/2023 | Buy Now | 177.78% | Goldman Sachs | Brett Feldman | $6 → $4 | Maintains | Neutral | Get Alert |
| 02/08/2023 | Buy Now | 143.06% | Citigroup | Michael Rollins | $6.25 → $3.5 | Downgrade | Neutral → Sell | Get Alert |
| 02/01/2023 | Buy Now | 334.03% | Citigroup | Michael Rollins | $8 → $6.25 | Maintains | Neutral | Get Alert |
| 12/06/2022 | Buy Now | 316.67% | Goldman Sachs | Brett Feldman | → $6 | Reinstates | → Neutral | Get Alert |
| 11/03/2022 | Buy Now | 386.11% | JP Morgan | Philip Cusick | $10 → $7 | Maintains | Underweight | Get Alert |
| 11/03/2022 | Buy Now | 386.11% | UBS | Batya Levi | $11 → $7 | Maintains | Neutral | Get Alert |
| 10/24/2022 | Buy Now | 455.56% | Morgan Stanley | Simon Flannery | $9.5 → $8 | Maintains | Underweight | Get Alert |
| 10/20/2022 | Buy Now | 316.67% | RBC Capital | Bora Lee | $11 → $6 | Maintains | Sector Perform | Get Alert |
| 10/13/2022 | Buy Now | 455.56% | Citigroup | Michael Rollins | $11 → $8 | Maintains | Neutral | Get Alert |
| 10/05/2022 | Buy Now | 455.56% | Wells Fargo | Eric Luebchow | → $8 | Downgrade | Overweight → Equal-Weight | Get Alert |
| 08/11/2022 | Buy Now | 663.89% | RBC Capital | Bora Lee | $10 → $11 | Maintains | Sector Perform | Get Alert |
| 08/05/2022 | Buy Now | 594.44% | JP Morgan | Philip Cusick | → $10 | Reinstates | → Underweight | Get Alert |
| 08/23/2021 | Buy Now | 663.89% | Morgan Stanley | Simon Flannery | — | Maintains | Underweight | Get Alert |
FAQ
What is the target price for Lumen Technologies (LUMN) stock?
The latest price target for Lumen Technologies (NYSE:LUMN) was reported by Goldman Sachs on July 1, 2024. The analyst firm set a price target for $1.00 expecting LUMN to fall to within 12 months (a possible -30.56% downside). 8 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for Lumen Technologies (LUMN)?
The latest analyst rating for Lumen Technologies (NYSE:LUMN) was provided by Goldman Sachs, and Lumen Technologies initiated their sell rating.
When was the last upgrade for Lumen Technologies (LUMN)?
The last upgrade for Lumen Technologies Inc happened on June 6, 2023 when Raymond James raised their price target to N/A. Raymond James previously had an underperform for Lumen Technologies Inc.
When was the last downgrade for Lumen Technologies (LUMN)?
The last downgrade for Lumen Technologies Inc happened on February 8, 2023 when Citigroup changed their price target from $6.25 to $3.5 for Lumen Technologies Inc.
When is the next analyst rating going to be posted or updated for Lumen Technologies (LUMN)?
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 July 1, 2024 so you should expect the next rating to be made available sometime around July 1, 2025.
Is the Analyst Rating Lumen Technologies (LUMN) correct?
While ratings are subjective and will change, the latest Lumen Technologies (LUMN) rating was a initiated with a price target of $0.00 to $1.00. The current price Lumen Technologies (LUMN) is trading at is $1.44, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.