Lattice Semiconductor To Generate Multi-Year Double-Digit Revenue Growth, Says Analyst
Portfolio Pulse from Shivani Kumaresan
Needham analyst N. Quinn Bolton initiates coverage on Lattice Semiconductor Corp (NASDAQ:LSCC) with a Buy rating and a price target of $90. The analyst forecasts a 12.2% CAGR over the coming three years for revenue from the company's Nexus platform. The launch of LSCC's new mid-range Avant platform is expected to significantly boost growth. The analyst expects an in-line quarter and guidance when the company reports 3Q23 earnings on October 30.
October 24, 2023 | 5:25 pm
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Lattice Semiconductor Corp (LSCC) has been initiated with a Buy rating and a $90 price target by Needham analyst N. Quinn Bolton. The analyst forecasts a 12.2% CAGR over the next three years for the company's revenue.
The positive rating and price target from the Needham analyst, along with the forecasted growth in revenue, are likely to have a positive impact on LSCC's stock price in the short term. The launch of the new Avant platform is also expected to boost growth, which could further increase investor confidence in the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100