Lattice Semiconductor (LSCC) Ends 6-Day Losses on Bullish Analyst Ratings

We recently published 10 Stocks With Surprising Gains Amid Market Meltdown. Lattice Semiconductor Corp. (NASDAQ:LSCC) is one of the best-performing stocks on Tuesday.

Lattice Semiconductor snapped a six-day losing streak on Tuesday, jumping 15.21 percent to close at $56.14 apiece as investors took path from analysts’ bullish ratings for the company despite a disappointing earnings performance in the past quarter of the year.

In its market note, KeyBanc gave the company an “overweight” rating with a price target of $70, or a 43.6-percent upside from its closing price prior to the report.

According to KeyBanc, the rating was based on Lattice Semiconductor Corp.’s (NASDAQ:LSCC) higher growth outlook for the rest of the year and in 2026, with increasing backlog and book-to-bill reaching its highest level.

For its part, Stifel maintained a “buy” recommendation with a price target of $60 for the company. The figure suggested a 23 percent upside from its closing price prior to the report.

According to Stifel, while ongoing inventory normalization continues to affect revenues, the worst headwinds are now over for Lattice Semiconductor Corp. (NASDAQ:LSCC), with compute and communications segment inventories largely recovering in the first half.

In the second quarter of the year, Lattice Semiconductor Corp. (NASDAQ:LSCC) dropped its net income by 87.1 percent to $2.9 million from $5.02 million in the same period last year. Revenues, on the other hand, were flat at $124 million.