RBC Capital raised the firm’s price target on Lattice Semiconductor (LSCC) to $140 from $118 and keeps an Outperform rating on the shares after its Q1 earnings beat and guidance. The company’s results and outlook were both better, driven by secular growth in Server/AI and a cyclical recovery in Industrial, the analyst tells investors in a research note. Lattice Semi’s AMI acquisition is also expected to be immediately accretive to gross margins and EPS, although AMI’s top line growth is currently tracking slightly below Lattice’s long-term growth, the firm added.
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Read More on LSCC:
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