Canaccord analyst T. Michael Walkley lowered the firm’s price target on Lantronix to $11 from $13 and keeps a Buy rating on the shares. The analyst noted they announced a large deal with Gridspertise that was above expectations but its large project with Gridspertise/Enel was pushed two quarters causing Canaccord to lower its 2023 estimates consistent with management’s updated revenue guidance.
Published first on TheFly
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