Lantronix, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Ryan Koontz from Needham maintained a Buy rating on the stock and has a $8.50 price target.
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Ryan Koontz has given his Buy rating due to a combination of factors tied to Lantronix’s growing drone exposure and improving revenue outlook. He highlights that a key customer, Red Cat, has secured an expanded opportunity to supply Black Widow drones to Ukrainian forces as they move away from China-based suppliers, which should translate into additional systems-on-module demand for Lantronix.
Koontz also notes that industry checks and recent developments suggest Lantronix is tracking toward the upper end of its $8 million to $12 million fiscal 2026 drone revenue range. He believes these drone programs will continue to scale through calendar 2026–2027, supporting sustained top-line growth and reinforcing the positive investment case for the stock.
Koontz covers the Technology sector, focusing on stocks such as ViaSat, Radware, and Lantronix. According to TipRanks, Koontz has an average return of 24.7% and a 48.59% success rate on recommended stocks.