TD Cowen analyst Joshua Buchalter maintained a Buy rating on Lattice Semiconductor (LSCC – Research Report) yesterday and set a price target of $58.00.
Joshua Buchalter has given his Buy rating due to a combination of factors that highlight Lattice Semiconductor’s strategic positioning and growth potential. Despite an uncertain market environment and the potential for investor disappointment with in-line financial guidance, Lattice’s competitive advantages remain strong, particularly against rivals like Xilinx and Altera. The company has demonstrated resilience by achieving record design wins and showing growth in key segments such as Industrial and Automotive, with direct customer sales increasing significantly.
Furthermore, Lattice’s management has outlined a promising growth trajectory, with expectations for new products to contribute significantly to revenue in the coming years. The company’s focus on low-power programmable logic positions it well to capitalize on various secular growth trends. Additionally, the competitive landscape appears favorable following Altera’s recent corporate changes, potentially benefiting Lattice’s market position. These factors collectively support Buchalter’s optimistic outlook and Buy rating for Lattice Semiconductor.
In another report released on April 25, Stifel Nicolaus also maintained a Buy rating on the stock with a $60.00 price target.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LSCC in relation to earlier this year.