TD Cowen analyst Matthew Ramsay lowered the firm’s price target on Lattice Semiconductor to $80 from $105 and keeps an Outperform rating on the shares. The firm said a they provided a well-below-consensus 4Q guide as macro weakness has finally caught up to Lattice, snapping its 14 consecutive quarters of sequential growth streak, and is likely to persist near term.
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Read More on LSCC:
- Lattice Semiconductor (NASDAQ:LSCC) Plunges on Soft Q4 Outlook
- Lattice Semiconductor price target lowered to $75 from $95 at Susquehanna
- Lattice Semiconductor price target lowered to $80 from $110 at KeyBanc
- Lattice Semiconductor sees Q4 revenue $166M-$186M, consensus $195.81M
- Lattice Semiconductor reports Q3 adjusted EPS 48c, consensus 52c