Lattice Semiconductor Faces Continued Demand Headwinds But 3 Analysts Are Optimistic
Portfolio Pulse from Priya Nigam
Lattice Semiconductor Corp (NASDAQ:LSCC) shares fell 6.45% to $71.90 after Q1 results showed a revenue decline amid demand headwinds. Despite this, three analysts remain optimistic, citing strong positioning, new product ramps, and expected recovery in H2. Benchmark raised its price target to $85, Stifel maintained a Hold with a $87 target, and KeyBanc reaffirmed an Overweight rating with an $85 target.
April 30, 2024 | 4:59 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Lattice Semiconductor's Q1 results and subsequent share price drop reflect short-term challenges, but analyst optimism and strategic positioning may support recovery.
The share price drop reflects immediate market reaction to Q1 results and demand headwinds. However, analyst upgrades and positive outlooks based on the company's strategic moves, new product ramps, and expected H2 recovery suggest potential for short-term price recovery. The unanimous analyst optimism despite the revenue miss indicates strong underlying fundamentals and market confidence.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100