TD Cowen analyst Joshua Buchalter has maintained their bullish stance on LSCC stock, giving a Buy rating yesterday.
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Joshua Buchalter has given his Buy rating due to a combination of factors including Lattice Semiconductor’s promising growth prospects and strategic positioning. The company is expected to experience significant growth in its Communications and Computing segments, with management forecasting a 20-40% increase by 2026. This optimism is supported by strong bookings and a robust outlook for AI server attachments, indicating a positive trajectory after a period of market correction.
Furthermore, while the Industrial and Automotive segments are currently facing inventory challenges, management anticipates normalization by the end of 2025, with a projected 10% year-over-year growth in 2026. Despite a cautious macroeconomic environment, Lattice’s strategic investments in the datacenter sector reflect confidence in its potential, although these investments may temporarily impact earnings per share. Overall, the combination of anticipated growth and strategic investments underpins the Buy rating.
In another report released yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $75.00 price target.
Based on the recent corporate insider activity of 87 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.