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.
March 12, 2024 | 3:54 pm
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Needham analyst Ryan Koontz maintains a Buy rating on Lantronix but lowers the price target from $8.5 to $7.
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 a reassessment of the company's near-term valuation prospects. This mixed signal might lead to short-term market uncertainty around LTRX's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100