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ByAinvest
Tuesday, Aug 19, 2025 6:03 pm ET1min read
Lake Street analyst Jaeson Schmidt maintains a Buy rating on Lantronix (LTRX) with a price target of $4.00. The analyst has a 5-star rating and a 46.14% success rate, covering stocks like Powerfleet and Kopin. LTRX has a Strong Buy consensus with a price target of $5.00, a market cap of $112.4M and a P/E ratio of -13.34. Corporate insider sentiment is positive with an increase in insider buying.
Lantronix Inc. (LTRX) has made significant strides in the defense sector by securing a substantial contract with Teal Drones for the U.S. Army’s Short-Range Reconnaissance (SRR) Program. The company's TAA- and NDAA-compliant solution, powered by the Qualcomm Dragonwing QRB5165 processor, will be used to enhance the capabilities of Teal Drones' Black Widow™ drones [1].The partnership marks an important milestone for Lantronix, which has begun production shipments, indicating early revenue and reinforcing its position as a trusted technology partner in defense applications. The collaboration underscores Lantronix's ability to deliver secure, high-performance products, and is expected to create long-term growth opportunities in the defense and commercial drone sectors [2].
Analysts remain optimistic about Lantronix's prospects. Lake Street analyst Jaeson Schmidt maintains a Buy rating on LTRX with a price target of $4.00, highlighting the company's strong position in the defense sector [3]. The Strong Buy consensus, with a price target of $5.00, further underscores investor confidence in Lantronix's growth potential.
Corporate insider sentiment is also positive, with an increase in insider buying. This positive sentiment, coupled with the recent defense contract, positions Lantronix as a key player in the rapidly expanding defense and autonomous systems market [3].
References:
1. [1] https://finance.yahoo.com/news/latest-news-ai-chips-lantronix-113720696.html
2. [2] https://www.marketwatch.com/story/lantronix-shares-rise-on-deal-with-u-s-army-drone-supplier-450719b8
3. [3] https://www.quiverquant.com/news/Lantronix+Inc.+Partners+with+Teal+Drones+to+Supply+TAA+and+NDAA-Compliant+Solutions+for+U.S.+Army%27s+Black+Widow%E2%84%A2+Drone+Program
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