Lantronix price target raised to $8 from $6 at Lake Street

Lake Street raised the firm’s price target on Lantronix (LTRX) to $8 from $6 and keeps a Buy rating on the shares. The firm continues to think Lantronix is “emerging as an under-the-radar way to play the drone sector” and sees continued momentum in the drone market, at the Tier-1 Wireless operator for monitoring cell site generators, and in the out-of-band management space helping to drive the top line this year and next, the analyst tells investors.