David Williams, an analyst from Benchmark Co., reiterated the Buy rating on Lattice Semiconductor. The associated price target is $60.00.
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David Williams has given his Buy rating due to a combination of factors that highlight Lattice Semiconductor’s strong performance and growth potential. The company has shown solid execution with results and guidance aligning with expectations, and management has expressed an optimistic outlook with record design wins and strengthening demand trends in communications and computing. New products are gaining traction, contributing significantly to growth, and are expected to exceed 20% growth in the coming years.
Furthermore, the company is benefiting from increased capital expenditures by major cloud providers, higher average selling prices, and market share gains, particularly in AI servers. Despite some challenges in the automotive and industrial segments, positive trends and design win momentum are expected to drive meaningful revenue growth. The company’s focus on cost containment and profitability improvements, along with a strong growth trajectory, supports the Buy rating and a price target of $60.
According to TipRanks, Williams is a 5-star analyst with an average return of 27.4% and a 52.62% success rate. Williams covers the Technology sector, focusing on stocks such as IonQ, D-Wave Quantum, and Plexus.
In another report released today, Needham also maintained a Buy rating on the stock with a $70.00 price target.