Lake Street Identifies Lantronix (LTRX) as a Hidden Gem Driven by Drone Industry Traction, Tier-1 Wireless Demand

Lantronix Inc. (NASDAQ:LTRX) is one of the hot tech stocks to invest in. Earlier on December 11, Lake Street raised the firm’s price target on Lantronix to $8 from $6 with a Buy rating on the shares. The firm believes that Lantronix is gaining traction as a hidden gem within the drone industry. This growth, combined with steady demand from a Tier-1 wireless provider for cell site monitoring and strength in the out-of-band management market, is expected to fuel revenue growth through next year.

On the same day, Lantronix Inc. (NASDAQ:LTRX) announced a collaboration with Trillium Engineering to integrate its Edge AI technology into gimbaled imaging systems for Uncrewed Aircraft Systems/UAS. Lantronix will provide NDAA/TAA-compliant solutions and engineering services to power Trillium’s military and commercial drone platforms.

Lake Street Identifies Lantronix (LTRX) as a Hidden Gem Driven by Drone Industry Traction, Tier-1 Wireless Demand

The collaboration centers on the use of Lantronix’s Open-Q 5165RB System on Module/SOM, which is powered by Qualcomm Dragonwing processors. This hardware enables Trillium’s GD-Loc and NyxCore products to perform advanced on-device AI functions, including real-time edge processing for actionable insights and AI-driven object detection and tracking. The technology is specifically designed for Size, Weight, and Power/SWaP optimization, ensuring high performance in compact uncrewed platforms while maintaining precision targeting and low latency, even in environments where GPS or networks are restricted.

Lantronix Inc. (NASDAQ:LTRX) develops, markets, and sells industrial and enterprise IoT products and services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific Japan.

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Disclosure: None. This article is originally published at Insider Monkey.