Positive Outlook for Lattice Semiconductor Amid Tariff Uncertainties and Strong Backlog

Analyst Quinn Bolton from Needham maintained a Buy rating on Lattice Semiconductor (LSCC – Research Report) and keeping the price target at $70.00.

Quinn Bolton has given his Buy rating due to a combination of factors that indicate a positive outlook for Lattice Semiconductor. The company reported a quarter that met expectations and slightly increased its guidance, which is supported by improving customer consumption and a stronger backlog in recent quarters. Additionally, the company’s revenue is largely generated outside the U.S., which limits direct tariff impacts, although some indirect risks remain uncertain.
Despite a cautious tone for the second half of 2025 due to tariff uncertainties, the company’s management maintains confidence in achieving their revenue growth targets. Furthermore, while the timeline to reach the desired level of channel inventory has been extended, this is attributed to softer consumption in the Industrial sector. The price target remains at $70, based on a projected earnings multiple, reflecting a strong belief in the company’s future performance.

Bolton covers the Technology sector, focusing on stocks such as Monolithic Power, ON Semiconductor, and Vicor. According to TipRanks, Bolton has an average return of 12.3% and a 44.56% success rate on recommended stocks.

In another report released yesterday, TD Cowen also maintained a Buy rating on the stock with a $58.00 price target.