LSCC - Will Lattice Semiconductor Continue Facing Soft Demand? 4 Analysts Examine Q4 Outlook | Benzinga
Shares of Lattice Semiconductor Corp (NASDAQ: LSCC) recovered slightly in early trading on Tuesday, after the company reported mixed results for the fourth quarter.
The results came amid an exciting earnings season. Here are some key analyst takeaways from the release.
- KeyBanc Capital Markets analyst John Vinh maintained an Overweight rating, while lifting the price target from $80 to $85.
- Stifel analyst Ruben Roy reiterated a Hold rating, while reducing the price target from $70 to $67.
- Needham analyst Quinn Bolton reaffirmed a Buy rating and price target of $75.
- Baird analyst Tristan Gerra maintained an Outperform rating and price target of $60.
Check out other analyst stock ratings.
KeyBanc: Lattice Semiconductor’s fourth-quarter results missed expectations and lowered its first-quarter guidance, reflecting "weakening demand in Comms Infra, which is broadening out into Industrials and Automotive in 1Q,” Vinh said in a note.
"Additionally, the correction is expected to persist into 2Q, with revs expected to ...