Needham analyst Ryan Koontz has maintained their bullish stance on LTRX stock, giving a Buy rating yesterday.
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Ryan Koontz has given his Buy rating due to a combination of factors including Lantronix’s recent financial performance and strategic market positioning. The company reported first fiscal quarter 2025 revenue and earnings per share slightly above expectations, with a 3% year-over-year and quarter-over-quarter revenue growth, excluding a key customer whose projects are currently on hold. This growth was driven by strong performance in the Americas, marking the highest revenue in two years for the region.
Furthermore, Lantronix’s management is actively targeting rapidly growing markets such as drones and industrial asset tracking, evidenced by 17 design wins in the drone sector. This strategic focus is expected to drive future growth, leading to increased confidence in potential upside results for calendar year 2026. Consequently, Koontz has adjusted the price target to $7.50, reflecting optimism about these emerging opportunities.
Koontz covers the Technology sector, focusing on stocks such as Lantronix, Extreme Networks, and Coherent Corp. According to TipRanks, Koontz has an average return of 14.0% and a 51.29% success rate on recommended stocks.
In another report released yesterday, Roth MKM also maintained a Buy rating on the stock with a $9.00 price target.