---
title: "Lantronix: Strengthening Drone Momentum and Long-Term Growth Outlook Support Buy Rating and Higher Price Target"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/275022815.md"
description: "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."
datetime: "2026-02-05T19:25:28.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/275022815.md)
  - [en](https://longbridge.com/en/news/275022815.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/275022815.md)
---

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# Lantronix: Strengthening Drone Momentum and Long-Term Growth Outlook Support Buy Rating and Higher Price Target

Analyst Austin Bohlig of Needham maintained a Buy rating on Lantronix, with a price target of $8.50.

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Austin Bohlig has given his Buy rating due to a combination of factors that reflect both solid recent execution and strengthening future prospects. Lantronix delivered fiscal second-quarter results that matched market expectations, and when adjusting for a stalled legacy customer, underlying revenue showed healthy double-digit year-over-year growth. The Americas region was particularly strong, driven by robust demand for new system-on-module products, especially in the drone segment, which is gaining traction more quickly than management had anticipated. Recent approval of the defense budget is expected to translate into substantial multi-year drone-related orders, reinforcing the company’s growth runway in this vertical.

Management’s decision to lift its fiscal 2026 drone revenue target by roughly 30% to about $10 million, along with expectations for high double-digit percentage growth in drones in fiscal 2027, underpins the upbeat outlook. Bohlig made modest adjustments to near-term estimates, but increased longer-term projections as visibility into the drone opportunity improved. This combination of in-line execution, accelerating momentum in a high-growth end market, and increased confidence in forward estimates supports a higher price target of $8.50 and underlies his Buy recommendation on Lantronix shares.

Bohlig covers the Technology sector, focusing on stocks such as Unusual Machines Inc., Ondas Holdings, and Lantronix. According to TipRanks, Bohlig has an average return of 50.6% and a 66.67% success rate on recommended stocks.

In another report released today, Craig-Hallum also reiterated a Buy rating on the stock with a $10.00 price target.

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