Lantronix price target lowered to $7 from $8 at Lake Street

Lake Street analyst Jason Schmidt lowered the firm’s price target on Lantronix to $7 from $8 and keeps a Buy rating on the shares after the company reported revenue and EPS slightly better than estimates and gave guidance for fiscal Q4 that was roughly in line with expectations. While the firm acknowledges Lantronix will need to backfill some Gridspertise revenue in FY25 after the large ramp in FY24, it thinks investors are “presented with an attractive risk/reward opportunity at current levels.”