Lattice Semiconductor (LSCC – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Christopher Rolland from Susquehanna reiterated a Buy rating on the stock and has a $65.00 price target.
Christopher Rolland has given his Buy rating due to a combination of factors including Lattice Semiconductor’s strategic positioning and growth prospects. The company has demonstrated resilience in its Server and Communications segments, which are expected to counterbalance weaker performance in other areas. Lattice has shown strength in wireline applications and has benefited from expanding content in general-purpose and AI-optimized servers.
Additionally, the company’s management is optimistic about future growth, with expectations of low-single-digit revenue growth in 2025 and a return to its long-term target of 15-20% in 2026. The strong performance of new products like Nexus and Avant, which have shown robust double-digit growth, further supports this outlook. Furthermore, Lattice’s record level of design wins and expanding opportunity pipeline reinforce its competitive position in the market. Despite some uncertainties in the second half of the year, the company remains confident in its ability to achieve its financial targets.
In another report released today, Needham also maintained a Buy rating on the stock with a $70.00 price target.
Based on the recent corporate insider activity of 78 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LSCC in relation to earlier this year.