Lantronix: Strengthening Drone Momentum and Long-Term Growth Outlook Support Buy Rating and Higher Price Target
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Analyst Austin Bohlig of Needham has maintained a Buy rating on Lantronix with a price target of $8.50, citing strong recent performance and positive future prospects. The company reported fiscal second-quarter results that met expectations, with underlying revenue showing double-digit growth, particularly in the drone segment. Management raised its fiscal 2026 drone revenue target by 30% to $10 million, indicating strong demand and growth potential. Craig-Hallum also reiterated a Buy rating with a $10.00 price target, reflecting confidence in Lantronix's growth trajectory.
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