Needham Rates Lantronix (LTRX) buy, $11 Price Target
Needham has reiterated its buy rating on Lantronix, setting a price target of $11.00, a 66.67% upside from the current price.
Reviewed by automated data checks against the source data. How we make and check alerts
Needham rated Lantronix, Inc. ($LTRX) "buy" with a $11 price target on June 12, 2026.
Since the rating, $LTRX is down 4.8% after 1 week, down 20.9% after 1 month and down 16.4% to date (from the $6.71 close on Jun 12, 2026).
LTRX
Lantronix, Inc.
Key Points
- Needham reiterated its buy rating on Lantronix, Inc. (LTRX) on June 12, 2026, with a price target of $11.00.
- The stock is currently trading at $6.60, offering a potential upside of about 67% from the target price.
- Analysts have shown confidence in Lantronix's growth, with a consensus target mean price of $10.58 from six analysts.
Get $LTRX trade alerts by text
We text you when insiders, Congress or big funds trade $LTRX. Free.
Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Lantronix, Inc. alert may contain errors. Disclosures
Needham's Continued Confidence in Lantronix
On June 12, 2026, Needham reiterated its buy rating on Lantronix, Inc. (LTRX) with a price target of $11.00. The stock is currently priced at $6.60, suggesting a potential upside for investors. This rating reflects ongoing confidence in the company’s growth trajectory amid its focus on industrial and enterprise internet of things (IoT) solutions.
Analysts Set New Price Targets
The latest action from Needham is part of a trend of positive analyst sentiment surrounding Lantronix. On August 27, 2026, Needham also reiterated its buy rating with the same $11.00 target. Other analysts have chimed in as well, with Lake Street maintaining a buy rating and raising its target from $8.00 to $10.00 on September 18, 2026. Additionally, Jones Trading initiated a buy rating with a target of $12.00 on July 15, 2026, while Canaccord Genuity maintained a buy rating, increasing their target from $10.50 to $11.00 on July 9, 2026. The consensus among six analysts now stands at a mean price target of $10.58.
Stock Performance and Market Context
Currently trading at $6.60, Lantronix's stock is positioned well above its 52-week low of $4.37 and below its high of $8.75. The stock's performance indicates it has been gaining traction, especially considering its recent trading near the 50-day moving average of $6.09. This suggests that the stock is on an upward trend, which aligns with the positive analyst outlook.
$LTRX price target
Lantronix, Inc. daily closes and this analyst's $11 target. Not advice.
Recent Earnings
Lantronix reported revenue of approximately $120.9 million for its latest fiscal year, reflecting a revenue growth rate of 8%. Although the company has a negative EPS of -$0.09 and a net margin of -3.46%, it continues to focus on expanding its offerings in the IoT space. The next earnings report is expected on November 4, 2026, which could provide more insight into the company’s performance and future outlook.
What Lantronix, Inc. Does
Lantronix, Inc. develops and sells IoT products and services across various regions, including the Americas and Asia Pacific. Its solutions include embedded products and IoT systems that enable secure connectivity and remote management for critical applications. The company aims to enhance operations and security for its clients, positioning itself as a key player in the technology sector.
What to Watch at Lantronix, Inc.
Investors should keep an eye on the upcoming earnings report on November 4, 2026, which may further influence analyst ratings and investor sentiment. Additionally, with the positive trend in analyst ratings, Lantronix may continue to attract attention as it works to improve its financial metrics. Remember, the 13F filings reflect past holdings and may not represent current positions.
Related Filing Alerts
Source: Needham's rating change on $LTRX (Jun 12, 2026). Written by software, not financial advice. How we make alerts