Lake Street Maintains Buy on Lantronix, Lowers Price Target to $7
Portfolio Pulse from Benzinga Newsdesk
Lake Street analyst Jaeson Schmidt maintains a Buy rating on Lantronix (LTRX) but lowers the price target from $8 to $7.

April 30, 2024 | 3:48 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Lake Street analyst Jaeson Schmidt maintains a Buy rating on Lantronix but lowers the price target from $8 to $7.
The maintenance of a Buy rating by Lake Street suggests a positive outlook on Lantronix's fundamentals, potentially encouraging investor confidence. However, the reduction in the price target from $8 to $7 might temper expectations for the stock's short-term price performance. The mixed signals could lead to a neutral short-term impact on LTRX's stock price, as positive sentiment from the maintained Buy rating may be offset by the lowered price target.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100