Baird analyst Tristan Gerra raised the firm’s price target on Lattice Semiconductor to $70 from $60 and keeps an Outperform rating on the shares. The firm said the new downward adjustment in revenue outlook means a steeper recovery will be needed in 2025 to support current valuation. Pricing remains stable and gross margin appears to have little to no downside from current levels.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on LSCC: