Robert W. Baird analyst Tristan Gerra has maintained their bullish stance on LSCC stock, giving a Buy rating today.
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Tristan Gerra has given his Buy rating due to a combination of factors including early indications of recovery at Lattice Semiconductor, as evidenced by a book-to-bill ratio exceeding 1 over recent weeks, suggesting a promising path towards inventory normalization at distributors by mid-2025. The company’s computing segment showed growth in 2024, with expectations for continued quarter-over-quarter increases in communications and computing sectors.
Furthermore, management highlighted several secular trends favoring FPGA adoption, such as the swift time-to-market advantage in shorter design cycles, rising costs of ASICs and ASSPs, and the increasing expenses associated with advanced nodes. Additionally, rapidly evolving market requirements and the expansion of edge AI technologies are fueling FPGA demand. Despite a challenging fourth quarter, the company’s forward-looking revenue and earnings projections for 2025 remain positive, with expectations for low-single-digit revenue growth and favorable gross margin guidance for the first quarter of 2025.
Gerra covers the Technology sector, focusing on stocks such as Semtech, Himax Technologies, and Intel. According to TipRanks, Gerra has an average return of 7.5% and a 49.40% success rate on recommended stocks.
In another report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $85.00 price target.