Lattice Semiconductor, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Joshua Buchalter from TD Cowen maintained a Buy rating on the stock and has a $145.00 price target.
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Joshua Buchalter has given his Buy rating due to a combination of factors, notably the strong and accelerating momentum in both the Communications & Compute and Industrial & Embedded segments, which are benefiting from robust AI datacenter spending and a cyclical recovery. He highlights that Lattice’s guidance is running ahead of market expectations, supported by rising FPGA content per server, expanding use cases, and improving sell-through as channel inventories normalize.
He also points to the announced AMI acquisition as a strategic move that should enhance Lattice’s datacenter infrastructure offerings and help drive the company to an annualized revenue run rate above $1B by the end of 2026, with visibility now stretching into 2027. Despite acknowledging that the stock’s valuation is demanding, Buchalter argues that the company’s high and durable gross margins, upward-trending estimates, and strengthened growth outlook justify a higher price target, which he raises from $110 to $145 while reiterating his Buy stance.
Buchalter covers the Technology sector, focusing on stocks such as STMicroelectronics, Broadcom, and Lattice Semiconductor. According to TipRanks, Buchalter has an average return of 37.7% and a 70.89% success rate on recommended stocks.
In another report released yesterday, Rosenblatt Securities also maintained a Buy rating on the stock with a $105.00 price target.