Baird Lifts PT on Lattice Semiconductor Corporation (LSCC) Following Q1 Results

Lattice Semiconductor Corporation (NASDAQ:LSCC) is one of the best semiconductor stocks with the highest upside potential right now. Baird lifted the price target on Lattice Semiconductor Corporation (NASDAQ:LSCC) to $135 from $120 on May 7, reaffirming an Outperform rating on the shares. The firm stated that it updated its model after fiscal Q1 results.

Lattice Semiconductor Corporation (LSCC): Among Billionaire David Harding’s Stock Picks with Huge Upside Potential

Lattice Semiconductor Corporation (NASDAQ:LSCC) also received a rating update from RBC Capital on May 5. The firm lifted the price target on the stock to $140 from $118, reiterating an Outperform rating on the shares after the company delivered its fiscal Q1 earnings beat and guidance. It further told investors in a research note that the company’s results and outlook were both better, driven by secular growth in Server/AI and a cyclical recovery in Industrial.

RBC Capital further stated that Lattice Semiconductor Corporation’s (NASDAQ:LSCC) AMI acquisition is also anticipated to be immediately accretive to gross margins and EPS, although AMI’s top-line growth is currently tracking slightly below the company’s long-term growth.

Lattice Semiconductor Corporation (NASDAQ:LSCC) is involved in the development of technologies that are monetized through differentiated programmable logic semiconductor products, design services, system solutions, and licenses. The company’s offerings also include evaluation boards, silicon-based and silicon-enabling products, development hardware, and related intellectual property licensing, services, and sales.

While we acknowledge the risk and potential of LSCC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than LSCC and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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