Roth MKM Maintains Buy on Lantronix, Lowers Price Target to $9
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Searle maintains a Buy rating on Lantronix (LTRX) but lowers the price target from $12 to $9.
February 09, 2024 | 7:32 pm
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Roth MKM analyst Scott Searle maintains a Buy rating on Lantronix but lowers the price target from $12 to $9.
While the maintenance of a Buy rating suggests continued confidence in Lantronix's fundamentals and growth potential, the reduction in the price target could indicate concerns about near-term headwinds or market conditions that might temper the stock's upward trajectory in the short term. Investors might view the lowered price target as a recalibration of expectations rather than a fundamental shift in the company's outlook, leading to a neutral short-term impact.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100