Procore stock price target raised to $90 from Goldman Sachs on stabilizing growth
Investing.com - Raymond James raised its price target on Lattice Semiconductor (NASDAQ:LSCC) to $80.00 from $64.00 on Tuesday, while maintaining an Outperform rating on the semiconductor stock. The new target represents potential upside from Lattice’s current price of $72.82, which has surged 40.34% over the past six months and is trading near its 52-week high of $76.61.
The firm’s decision follows Lattice’s recent financial results and guidance, which were described as "broadly in line with expectations," reflecting continued strength in the company’s Communications & Compute (C&C) segment.
Raymond James noted that Lattice continues to benefit from public cloud infrastructure upgrades, with expanding FPGA penetration and content gains across both general-purpose and AI server deployments.
The Industrial & Automotive (I&A) segment declined year over year for the seventh consecutive quarter, as expected, with management reaffirming that channel inventory should normalize by year-end, consistent with broader market trends.
Raymond James remains constructive on Lattice’s positioning to capture AI-driven server and networking demand, supported by ongoing new product ramps, while expecting a cyclical recovery in I&A markets to begin contributing to incremental growth upside in 2026 and beyond.
In other recent news, Lattice Semiconductor Corporation announced its third-quarter earnings for 2025, reporting results that aligned with Wall Street forecasts. The company achieved an earnings per share (EPS) of $0.28 and generated revenue of $133.3 million. These figures met analyst expectations, providing a stable outlook for investors. While the company’s stock experienced minor fluctuations in regular trading, the after-hours trading showed an increase, indicating investor confidence. There were no significant mergers or acquisitions reported. Analyst firms have not recently upgraded or downgraded the stock. These developments highlight the company’s consistent performance in the market.
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