Analyst Christopher Rolland of Susquehanna reiterated a Buy rating on Lattice Semiconductor, retaining the price target of $65.00.
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Christopher Rolland has given his Buy rating due to a combination of factors that highlight Lattice Semiconductor’s promising growth trajectory. The company has demonstrated strong performance in the communications and compute segments, with significant year-over-year growth in server demand, driven by increased hyperscale capital expenditures and a higher server attach rate. Additionally, Lattice is experiencing record design wins across various segments, indicating broad-based strength and a positive market environment.
Looking forward, Lattice is optimistic about its revenue growth, aiming to return to its long-term target of 15-20% growth by 2026. The introduction of new products, such as Nexus and Avant, is expected to significantly contribute to this growth, with projections of a 70% year-over-year increase in 2025. The company is also capitalizing on the expanding AI market, which is anticipated to represent a substantial portion of its revenue by 2026. These factors, combined with the potential for gross margin expansion, underpin Rolland’s positive outlook and Buy rating for Lattice Semiconductor.
In another report released today, Stifel Nicolaus also reiterated a Buy rating on the stock with a $60.00 price target.