Deutsche Bank Sees Attractive Entry Point In Lattice Semiconductor, Initiates With Buy And $70 Target
Portfolio Pulse from Shivani Kumaresan
Deutsche Bank initiated coverage on Lattice Semiconductor Corp (NASDAQ:LSCC) with a Buy rating and a price target of $70. LSCC, known for its small FPGAs, is expected to continue its growth trajectory and maintain high operating/FCF margins despite near-term macro weakness. The bank sees the current valuation as an attractive entry point, with a favorable risk-reward balance. LSCC shares were trading down by 1.68% at $58.07 at the last check.
November 30, 2023 | 6:14 pm
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Deutsche Bank initiated coverage on Lattice Semiconductor with a Buy rating and a $70 price target, highlighting the company's growth potential and attractive valuation despite current market conditions.
The initiation of coverage by Deutsche Bank with a Buy rating and a high price target suggests a positive outlook for LSCC, which could lead to increased investor interest and a potential rise in the stock price in the short term. The analyst's confidence in the company's growth and profitability, despite macroeconomic concerns, reinforces the positive sentiment. However, the current trading price being lower indicates market skepticism or broader market pressures, which could temper the immediate impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100