TipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including VMware and GlobalFoundries
) is looking forward to making the most of the untapped opportunities in the FPGA market, a niche semiconductor market that allows customers to reconfigure the hardware after manufacturing.noted that the company's new FPGA platform, Avant, is gathering early traction among testing customers. Management expects this platform, which is due to be launched in December, to add about $3 billion to the company's total addressable market, taking it to $6 billion.
Although Rolland has spotlighted Lattice's technology, he seemed encouraged by the new management team's vision of pulling the company out of a growth rut. The analyst notes that the team has "revamped their entire roadmap, bolstered their supply chain, and expanded into new markets." With these observations, Rolland reiterated a buy rating on LSCC stock with a price target of $75. He holds the 31position among more than 8,000 analysts tracked on TipRanks. Notably, 68% of his ratings have been profitable, and each rating has generated 21.6% average returns.
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