The Goldman Sachs Group Issues Pessimistic Forecast for Lumen Technologies (NYSE:LUMN) Stock Price

Lumen Technologies (NYSE:LUMN) had its price objective reduced by analysts at The Goldman Sachs Group from $7.25 to $5.00 in a research report issued on Thursday, Benzinga reports. The firm currently has a “neutral” rating on the technology company’s stock. The Goldman Sachs Group‘s price objective would suggest a potential upside of 26.97% from the company’s previous close.

Other equities analysts have also recently issued reports about the company. Wells Fargo & Company lowered their price objective on Lumen Technologies from $7.50 to $5.00 and set an “equal weight” rating on the stock in a research report on Thursday. Weiss Ratings restated a “sell (d-)” rating on shares of Lumen Technologies in a research note on Friday, July 17th. Citigroup lowered their price target on Lumen Technologies from $10.00 to $8.25 and set a “neutral” rating on the stock in a report on Tuesday, August 11th. Wall Street Zen upgraded Lumen Technologies from a “sell” rating to a “hold” rating in a report on Sunday, August 9th. Finally, Moffett Nathanson upgraded shares of Lumen Technologies from a “sell” rating to a “neutral” rating and set a $4.00 target price on the stock in a research note on Friday, October 30th. Ten analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $6.78.

Lumen Technologies Price Performance

Lumen Technologies stock traded down $0.53 during mid-day trading on Thursday, reaching $3.94. The stock had a trading volume of 13,968,148 shares, compared to its average volume of 13,676,770. Lumen Technologies has a one year low of $3.84 and a one year high of $11.43. The company has a 50-day moving average price of $5.66 and a two-hundred day moving average price of $7.19. The company has a market capitalization of $4.06 billion, a price-to-earnings ratio of -3.83 and a beta of 1.94.

Lumen Technologies (NYSE:LUMN) last issued its earnings results on Wednesday, November 4th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.23) by $0.09. The firm had revenue of $2.71 billion during the quarter, compared to analysts’ expectations of $2.73 billion. On average, equities research analysts anticipate that Lumen Technologies will post -0.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Lumen Technologies

A number of large investors have recently made changes to their positions in LUMN. New York Life Investment Management LLC purchased a new position in shares of Lumen Technologies in the third quarter worth approximately $785,000. Penn Capital Management Company LLC increased its holdings in Lumen Technologies by 6.8% during the third quarter. Penn Capital Management Company LLC now owns 2,719,257 shares of the technology company’s stock valued at $15,257,000 after buying an additional 172,254 shares during the last quarter. Fulcrum Asset Management LLP raised its position in Lumen Technologies by 266.8% in the third quarter. Fulcrum Asset Management LLP now owns 151,727 shares of the technology company’s stock worth $841,000 after acquiring an additional 110,367 shares during the period. Allspring Global Investments Holdings LLC raised its position in Lumen Technologies by 9.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 35,097 shares of the technology company’s stock worth $196,000 after acquiring an additional 3,009 shares during the period. Finally, Ethic Inc. increased its stake in shares of Lumen Technologies by 103.3% in the 3rd quarter. Ethic Inc. now owns 49,878 shares of the technology company’s stock worth $279,000 after purchasing an additional 25,340 shares in the last quarter. 66.19% of the stock is currently owned by institutional investors.

More Lumen Technologies News

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

• Positive Sentiment: Strategic revenue grew about 10%, reaching 55% of business revenue, with AI-related demand and adoption of Lumen’s Network-as-a-Service platform supporting the shift toward higher-growth services. Lumen Q3 earnings call highlights
• Positive Sentiment: The company reaffirmed full-year adjusted EBITDA guidance and said it remains on track for an EBITDA inflection in 2026, signaling confidence in its transformation and cost-management efforts. Lumen third-quarter results
• Positive Sentiment: Lumen’s adjusted loss narrowed to $0.14 per share, better than analysts’ expectations, providing a favorable earnings surprise despite the revenue weakness. Lumen earnings results
• Negative Sentiment: Revenue was about $2.71 billion, slightly below estimates, and declined year over year. Continued contraction in the broader business could offset growth in strategic services. Lumen Q3 adjusted loss narrows, revenue falls
• Negative Sentiment: Free cash flow turned negative, raising concern about cash generation even as the company maintained its EBITDA outlook. Lumen Q3 earnings call highlights

Lumen Technologies Company Profile

Lumen Technologies, Inc is a communications and technology company that provides network, connectivity, cloud, cybersecurity and managed services primarily to businesses, government organizations and wholesale customers. Its offerings include fiber-based internet and data transport, software-defined networking, network security, unified communications, voice services, edge computing and related information technology solutions.

The company operates one of the largest enterprise fiber networks in the United States and also serves customers internationally through its global network and wholesale operations.