Lattice Semiconductor (LSCC) PT Raised to $68 at Baird

Baird analyst Tristan Gerra raised the price target on Lattice Semiconductor (NASDAQ: LSCC) to $68.00 (from $44.00) while maintaining a Outperform rating.

The analyst commented: "Lattice qualifies as an AI story, given the GB200 platform win and associated high potential content, along with other AI platform engagements, in our view. One-year AI GPU cadence is a tailwind for FPGAs, with security increasingly paramount (including post quantum computing preparedness) with ever-richer FPGA content. Along with AI, fast growth in sensing creates significant growth opportunities for small- and mid-range FPGAs representing management's renewed focus. New applications, higher content, and record design win activity all position Lattice well for
significant TAM expansion. Raising price target, Outperform-rated."

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