Lumen Technologies (NYSE:LUMN) Stock Price Expected to Rise, TD Cowen Analyst Says

Lumen Technologies (NYSE:LUMN) had its target price raised by research analysts at TD Cowen from $8.00 to $9.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. TD Cowen’s price objective would indicate a potential upside of 6.32% from the stock’s current price.

A number of other equities analysts have also commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a research report on Tuesday, April 21st. The Goldman Sachs Group boosted their target price on shares of Lumen Technologies from $5.50 to $7.25 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. UBS Group boosted their target price on shares of Lumen Technologies from $5.00 to $6.00 and gave the stock a “neutral” rating in a research note on Thursday, February 5th. Zacks Research raised shares of Lumen Technologies from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 8th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of Lumen Technologies in a research note on Wednesday, February 4th. Eight analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $7.88.

Lumen Technologies Stock Down 13.7%

NYSE:LUMN opened at $8.47 on Wednesday. The firm has a market cap of $8.72 billion, a PE ratio of -4.86 and a beta of 1.65. Lumen Technologies has a 12 month low of $3.37 and a 12 month high of $11.95. The company’s 50-day moving average price is $7.48 and its two-hundred day moving average price is $8.06.

Lumen Technologies (NYSE:LUMN) last released its quarterly earnings results on Tuesday, May 5th. The technology company reported ($0.47) 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 analysts’ expectations of $2.83 billion. The firm’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.13) EPS. On average, research analysts expect that Lumen Technologies will post -0.09 EPS for the current fiscal year.

Insider Buying and Selling at Lumen Technologies

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

Institutional Investors Weigh In On Lumen Technologies

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bessemer Group Inc. raised its stake in shares of Lumen Technologies by 15.5% during the third quarter. Bessemer Group Inc. now owns 7,209 shares of the technology company’s stock worth $43,000 after buying an additional 968 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Lumen Technologies by 24.5% during the third quarter. Fifth Third Bancorp now owns 5,343 shares of the technology company’s stock worth $33,000 after buying an additional 1,051 shares during the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Lumen Technologies by 2.0% during the fourth quarter. Crossmark Global Holdings Inc. now owns 61,599 shares of the technology company’s stock worth $479,000 after buying an additional 1,230 shares during the last quarter. Xponance Inc. raised its stake in shares of Lumen Technologies by 1.7% during the third quarter. Xponance Inc. now owns 75,686 shares of the technology company’s stock worth $463,000 after buying an additional 1,273 shares during the last quarter. Finally, Arkadios Wealth Advisors raised its stake in shares of Lumen Technologies by 10.5% during the third quarter. Arkadios Wealth Advisors now owns 14,154 shares of the technology company’s stock worth $87,000 after buying an additional 1,340 shares during the last quarter. 66.19% of the stock is owned by institutional investors.

More Lumen Technologies News

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

• Positive Sentiment: Lumen agreed to acquire Alkira for $475 million, bolstering its cloud‑native control plane and expanding its addressable market for cloud and data‑center interconnects—a strategic move investors see as accelerating the company’s transition from legacy telecom to AI/cloud networking. Alkira acquisition
• Positive Sentiment: Q1 revenue topped estimates and Lumen highlighted that strategic (growth) revenue is increasing; management provided a 2026 free‑cash‑flow outlook of $1.9B–$2.1B, which supports a longer‑term recovery thesis. FCF outlook
• Positive Sentiment: TD Cowen raised its price target to $9 (now a “hold”), reflecting some analyst recognition of the company’s strategic progress. TD Cowen PT raise
• Neutral Sentiment: UBS raised its price target to $8 but kept a neutral rating, signaling mixed analyst views even as models are updated. UBS note
• Neutral Sentiment: Coverage and valuation pieces are reassessing Lumen after a sharp short‑term share rally; some writeups weigh near‑term execution risks against longer‑term TAM expansion. Valuation analysis
• Neutral Sentiment: Partnership/marketing items (e.g., Teads/Lumen Research) underscore product/measurement initiatives but are unlikely to move near‑term fundamentals materially. Partnership news
• Negative Sentiment: Lumen reported a wider‑than‑expected Q1 GAAP loss (EPS missed consensus), which is pressuring sentiment and raises near‑term earnings uncertainty. Q1 loss
• Negative Sentiment: Zacks downgraded Lumen from “strong‑buy” to “hold,” reflecting concerns after the earnings miss and signaling reduced buy‑side conviction. Zacks downgrade
• Negative Sentiment: Lumen priced $1B of 7.500% senior notes due 2037—the high coupon increases interest expense and highlights leverage/timing risks even if proceeds support the acquisition and tender offers. Senior notes

About Lumen Technologies

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.