Tristan Gerra, an analyst from Robert W. Baird, maintained the Buy rating on Lattice Semiconductor (LSCC – Research Report). The associated price target was raised to $50.00.
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Tristan Gerra has given his Buy rating due to a combination of factors including Lattice Semiconductor’s strong performance in the data center sector, which has exceeded management’s expectations for the year. This growth is largely driven by the increasing demand for AI technologies, which helps offset the cyclical trends affecting other segments. Additionally, the company’s gross margins have improved, showcasing the resilience and defensiveness of its business model compared to more commodity-based segments.
Moreover, Lattice’s backlog is increasing, and the book-to-bill ratio remains above one, indicating strong future demand. The company is also making progress with its new products, such as Nexus and Avant, which are expected to contribute significantly to revenue in the coming years. Despite some revenue estimates being below consensus, Lattice’s overall outlook for 2025 is slightly better than initially expected, supporting the Buy rating.
In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $58.00 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.