Analyst Expectations For Lantronix's Future
Portfolio Pulse from Benzinga Insights
Analyst evaluations of Lantronix (NASDAQ:LTRX) over the last three months show a unanimous bullish outlook, despite a 17.89% decline in the average 12-month price target to $7.8. Recent actions by analysts include maintaining and lowering ratings, with price targets ranging from $7.00 to $9.00. Lantronix's financials indicate a positive revenue growth rate of 17.56% and strong profitability metrics, despite a market capitalization that is below industry averages.
April 30, 2024 | 2:01 pm
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Analysts unanimously bullish on LTRX, with a revised average price target of $7.8, indicating a potential upside despite a recent decline in target. Positive revenue growth and profitability metrics underscore its financial health.
The unanimous bullish outlook from analysts, combined with Lantronix's positive revenue growth and strong profitability metrics, suggests a potential short-term upside for LTRX. The recent adjustments in price targets reflect a recalibration of expectations rather than a fundamental shift in the company's outlook, which remains positive.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100