BofA analyst Blake Friedman raised the firm’s price target on Lattice Semiconductor to $75 from $72 and keeps a Neutral rating on the shares. The firm, which expects some intra-sector rotation after a 60% year-to-date run in the SOX, also expects continued secular growth tailwinds in Generative AI, chip complexity, auto content, fab reshoring, and CHIPS Act benefits. BofA raised its semiconductors industry estimates, staying “selectively positive” in its “thematic 3C’s” of Cloud, Cars, and Complexity, while adding that it remains “lukewarm” on smartphones, telco and the enterprise.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on LSCC:
- Lattice Semiconductor expands stock repurchase program with $250M authorization
- Lattice Semiconductor initiated with a Buy at Deutsche Bank
- Lattice Semiconductor (NASDAQ:LSCC) Plunges on Soft Q4 Outlook
- Lattice Semiconductor price target lowered to $75 from $90 at DA Davidson
- Lattice Semiconductor price target lowered to $70 from $82 at Stifel