Street Calls of the Week
Investing.com - KeyBanc raised its price target on Lattice Semiconductor (NASDAQ:LSCC) to $85.00 from $70.00 on Tuesday, while maintaining an Overweight rating on the stock. The stock, currently trading at $71.67 and near its 52-week high of $76.61, has shown remarkable momentum with a 36.64% return over the past six months. According to InvestingPro data, five analysts have recently revised their earnings estimates upward for the upcoming period.
The investment firm cited "sustained AI capex intensity" as one of the key factors supporting its more bullish outlook on the semiconductor company.
KeyBanc also pointed to "significant increasing NVIDIA AI server rack shipments" expected in the second half of 2025, projecting 30,000 units for 2025 and 50,000 for 2026 as positive indicators for Lattice.
The firm noted that AMD’s MI400 Helios full stack servers should represent an "incremental tailwind" to Lattice Semiconductor’s increasing exposure to artificial intelligence technologies.
These AI-related developments are expected to drive "outsized earnings growth" for Lattice Semiconductor, according to KeyBanc’s analysis of the company’s market position.
In other recent news, Lattice Semiconductor has seen several updates from analysts and firms regarding its financial outlook and market positioning. The company reported second-quarter results that aligned with expectations, guiding slightly higher for the third quarter, with strong performance in Communications and Compute sectors. CFRA raised its price target for Lattice Semiconductor to $85, citing growth prospects and expectations for revenue recovery in key markets. Needham increased its price target to $80, following discussions with Lattice’s management about their strategy in the FPGA market. Benchmark also raised its price target to $75, highlighting confidence in Lattice’s market position and increasing exposure to AI and server markets. KeyBanc reiterated an Overweight rating with a $70 price target after the company’s second-quarter performance. Stifel maintained a Buy rating with a $60 price target, noting the company’s alignment with expectations and its third-quarter guidance. These developments reflect a positive outlook from various analyst firms regarding Lattice Semiconductor’s growth potential and market strategies.
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