Lumen Technologies

LUMN · NYSE

$4.48+$0.02 (+0.45%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $4.46

LUMN analyst rating

HoldConsensus of 7 analysts over the last 12 months. 0% rate it a buy.

Strong buy0
Buy0
Hold7
Underperform0
Sell0

12-month price target · 14 analysts

Average $7.48 (+67.0% upside)

Low: $4.04
Now: $4.48
High: $9.45

Upgrades and downgrades

The latest rating actions, newest first

LUMN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Citigroup	Aug 11, 2026	Maintains	Neutral	$10.00 → $8.25	59%
Goldman Sachs	Aug 5, 2026	Maintains	Neutral	$8.50 → $7.25	68%
Wells Fargo	Aug 5, 2026	Maintains	Equal-Weight	$9.00 → $7.50	43%
JP Morgan	May 11, 2026	Maintains	Neutral	$6.00 → $7.00	46%
Wells Fargo	May 8, 2026	Maintains	Equal-Weight	$8.00 → $9.00	43%
UBS	May 6, 2026	Maintains	Neutral	$6.00 → $8.00	43%
TD Cowen	May 6, 2026	Maintains	Hold	$8.00 → $9.00	22%
Citigroup	Feb 5, 2026	Maintains	Neutral	$11.00 → $10.00	59%
UBS	Feb 5, 2026	Maintains	Neutral	$5.00 → $6.00	43%
Goldman Sachs	Feb 4, 2026	Maintains	Neutral	$5.50 → $7.25	68%

The case for and against

Updated May 15, 2026

Bull case

Lumen Technologies is a leading telecommunications carrier that has undergone significant restructuring in the past few years. The company's shift away from its legacy consumer business to focus on enterprise services – which now make up the majority of its revenue – bodes well for its future growth and profitability. Additionally, the recent acquisition of Alkira will further enhance Lumen's position in providing advanced networking solutions for businesses. Risks include government regulations, rapid technological changes, and potential economic downturn, but overall, Lumen appears to be on track to achieve its financial goals and deliver value for investors.

Bear case

Lumen Technologies is facing numerous challenges as it strategically shifts towards digital services, with 51% of revenue now coming from that sector. However, projections for the 2029 revenue inflection point and successful metrics on digital adoption provide some hope for the company. Management's 2025 outlook is positive, with confidence in achieving the high end of their adjusted EBITDA guidance, but concerns remain about continued revenue decline, debt restructuring, and leadership changes. Ultimately, the company's success will depend on its ability to execute its transformation plan and adapt to rapidly evolving technology and customer demands.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.