Will Lattice Semiconductor Continue Facing Soft Demand? 4 Analysts Examine Q4 Outlook
Portfolio Pulse from Priya Nigam
Lattice Semiconductor Corp (NASDAQ:LSCC) reported mixed Q4 results, with shares slightly recovering in early trading. Analysts from KeyBanc, Stifel, Needham, and Baird provided varied outlooks, citing concerns over soft demand in Comms Infra, Industrials, and Automotive sectors. The company's Q4 revenue missed expectations, and first-quarter guidance was lowered. Analysts predict a recovery in the second half of 2024 as inventories normalize and new products ramp up.
February 13, 2024 | 4:52 pm
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Lattice Semiconductor reported mixed Q4 results with a slight recovery in share price. Analysts have mixed views but anticipate a potential recovery in 2H24.
The mixed Q4 results and lowered guidance for Q1 reflect challenges but also a potential for recovery in the latter half of 2024 as per analysts' expectations. This creates a neutral short-term outlook as the market digests both the challenges and the recovery potential.
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