Needham Reiterates Buy on Lantronix, Maintains $8.5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz has reiterated a 'Buy' rating on Lantronix (NASDAQ:LTRX) and maintained a price target of $8.5.
September 08, 2023 | 11:02 am
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Needham analyst Ryan Koontz has reiterated a 'Buy' rating on Lantronix and maintained a price target of $8.5.
The reiteration of a 'Buy' rating by a Needham analyst and the maintenance of the price target at $8.5 indicates a positive outlook for Lantronix. This could potentially lead to an increase in investor confidence and a positive impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100