Lattice Semiconductor, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Tristan Gerra from Robert W. Baird maintained a Buy rating on the stock and has a $50.00 price target.
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Tristan Gerra has given his Buy rating due to a combination of factors including Lattice Semiconductor’s significant growth in AI-related revenue and its strong performance in the computing sector. The company’s AI exposure is estimated to be nearing 20% of its revenue, which is rapidly expanding, and computing revenue is projected to grow by 30% this year. These trends, along with the critical importance of root of trust security in data center content, are key drivers of Lattice’s positive outlook.
Furthermore, management anticipates a return to 15-20% revenue growth in 2026, supported by robust performance in communications and computing, as well as a normalization of demand in industrial and automotive sectors. The company’s increasing attach rate in servers, share gains in AI servers, and record design wins with hyperscalers also contribute to its growth prospects. Additionally, Lattice’s new product revenue is expected to reach a high teen percentage of total revenue in 2025, with further growth anticipated in 2026 as new products like Avant begin to contribute more significantly.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $57.00 price target.