Lantronix price target lowered to $4 from $5 at Lake Street

Lake Street analyst Jason Schmidt lowered the firm’s price target on Lantronix (LTRX) to $4 from $5 and keeps a Buy rating on the shares. The firm does not think investors should be “completely shocked by the softer revenue results and outlook” given the current macro backdrop while noting that it believes FY25 was “always set to be a transition year.”