Lattice Semiconductor price target raised to $130 from $110 at Stifel

Stifel raised the firm’s price target on Lattice Semiconductor (LSCC) to $130 from $110 and keeps a Buy rating on the shares. The firm’s processor coverage is “at distinctly different points on the AI infrastructure adoption curve,” but shares a common macro backdrop as compute demand, both accelerated and general purpose, is running materially ahead of prior forecasts, the analyst tells investors in a preview for the group.