Analyst Quinn Bolton of Needham maintained a Buy rating on Lattice Semiconductor, with a price target of $110.00.
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Quinn Bolton has given his Buy rating due to a combination of factors, including Lattice Semiconductor’s better‑than‑expected fourth‑quarter results and stronger guidance for the first quarter, which reinforce confidence in a robust 2026 recovery. He highlights that demand is improving, inventories are normalizing, and he now projects substantially faster revenue growth for calendar 2026 than previously anticipated, reflecting a healthier fundamental outlook.
He also notes that server‑related sales should remain a key growth engine as both adoption rates and pricing are poised to rise next year, while new applications in humanoid robotics, aerospace and defense, and autonomous vehicles broaden the company’s long‑term opportunity set. In addition, he interprets lengthening product lead times as evidence of tightening supply rather than excess ordering, and on this basis he lifts his price target to $110, applying a premium earnings multiple to his 2028 profit forecast, which supports the Buy recommendation.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $110.00 price target.