Reported 2 months ago
Following a significant earnings report, Lumen Technologies' stock price target has been revised upwards by several analysts. The company's shares skyrocketed by 33% on August 7, buoyed by a new $5 billion business linked to growing demand from the artificial intelligence sector. Despite reporting a loss for the second quarter, Lumen's recent contracts with major players like Microsoft and Corning indicate a turning point, with analysts anticipating substantial future cash flows from these developments.
Source: YAHOO