Needham Maintains Buy on Lantronix, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz maintains a Buy rating on Lantronix (LTRX) but lowers the price target from $8.5 to $7.

February 09, 2024 | 12:42 pm
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NEUTRAL IMPACT
Needham maintains a Buy rating on Lantronix but lowers the price target from $8.5 to $7.
While the reduction in price target could suggest a tempered outlook on Lantronix's future stock performance, the maintenance of a Buy rating indicates continued confidence in the company's fundamentals. This mixed signal could lead to a neutral short-term impact on the stock price, as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100