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Why Lumen Stock Is Jumping Today

TheMotleyFool

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Lumen (NYSE: LUMN) stock is posting big gains in Wednesday's trading. The company's share price was up 5.5% as of 3 p.m. ET. Earlier in the day, Lumen stock had been up as much as 16%.

Lumen stock is gaining ground today following bullish analyst coverage. The company's share price is also getting a lift from momentum for artificial intelligence (AI) stocks ahead of Nvidia's Q4 report.

Citi published new coverage on Lumen before the market opened this morning, upgrading its rating on the stock from neutral to buy. The firm also set a one-year price target of $6.50 per share on the stock, suggesting additional upside of roughly 39% as of this writing.

Source Fool.com

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