Peeling Back The Layers: Exploring Lantronix Through Analyst Insights
Portfolio Pulse from Benzinga Insights
Analysts have mixed views on Lantronix (NASDAQ: LTRX) with 5 recent ratings all being bullish. The average 12-month price target is $7.6, with a high of $9.00 and a low of $6.00. Recent adjustments show a decrease in the average price target by 7.88%. Lantronix has shown strong financial performance with a 24.93% revenue growth rate and a balanced debt approach.
June 17, 2024 | 5:00 pm
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Lantronix has received 5 bullish ratings from analysts in the past three months. The average 12-month price target is $7.6, with a high of $9.00 and a low of $6.00. Analysts have decreased the average price target by 7.88%. The company has shown strong financial performance with a 24.93% revenue growth rate.
The unanimous bullish ratings from analysts and the strong financial performance, including a 24.93% revenue growth rate, suggest a positive short-term impact on Lantronix's stock price. However, the decrease in the average price target by 7.88% indicates some caution among analysts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100