Needham Reiterates Buy on Lantronix, Maintains $7 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Ryan Koontz reiterates a Buy rating on Lantronix (LTRX) and maintains a $7 price target.

April 30, 2024 | 12:18 pm
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Needham analyst Ryan Koontz reiterates a Buy rating on Lantronix with a $7 price target.
The reiteration of a Buy rating and maintenance of a $7 price target by a reputable analyst like Ryan Koontz from Needham is likely to instill confidence among investors and could positively influence Lantronix's stock price in the short term. Analyst ratings, especially from well-regarded financial institutions, can significantly impact investor sentiment and stock prices.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100