Lattice To Gain From Solid Exposure In Long-Term Growth Markets Amid Lower Macro Volatilities: Analyst
Portfolio Pulse from Nabaparna Bhattacharya
Benchmark analyst David Williams has reiterated a Buy rating on Lattice Semiconductor Corporation (NASDAQ:LSCC), raising the price target to $105 from $95. The company's Q2 results were better than expected, demonstrating the strength of the portfolio and resilience to macro volatility. The analyst expects revenue to begin inflecting in 2024 with the ramp of Avant E earlier this year, followed by two additional product families later this year. FY23 EPS estimate is raised to $2.08 from $2.05 and FY24 EPS is expected to be $2.41.
August 04, 2023 | 10:02 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Lattice Semiconductor Corporation's stock is expected to perform well due to the positive outlook provided by the Benchmark analyst. The raised price target and expected revenue growth could drive the stock price up.
The analyst's positive outlook, including a raised price target and expected revenue growth, is likely to increase investor confidence in Lattice Semiconductor Corporation, potentially driving the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100