In a report released yesterday, Tristan Gerra from Robert W. Baird maintained a Buy rating on Lattice Semiconductor, with a price target of $60.00.
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Tristan Gerra has given his Buy rating due to a combination of factors including anticipated revenue growth and strategic positioning in the AI sector. The company is expected to see a significant acceleration in revenue growth into 2026, driven by AI, with management projecting a 40% increase in Comm/Computing revenue. This growth is particularly notable given the company’s historical focus on Communication, marking a strategic shift towards AI-driven markets.
Additionally, Lattice Semiconductor has experienced increased interest in its low power DC solutions and security products, with a major hyperscaler raising its forecast through 2028. The company’s server-related revenue has also seen a substantial increase, up 85% year-to-date. The expected normalization of industrial inventories and the introduction of new products like Nexus and Avant further support the positive outlook, despite a slightly stretched valuation. Overall, these factors contribute to a resilient business model, justifying the Buy rating.
Gerra covers the Technology sector, focusing on stocks such as Intel, Micron, and Advanced Micro Devices. According to TipRanks, Gerra has an average return of 15.7% and a 55.80% success rate on recommended stocks.
In another report released on October 28, Deutsche Bank also maintained a Buy rating on the stock with a $80.00 price target.