Lantronix

LTRX · NASDAQ

$5.82+$0.06 (+1.04%)TodayMarket closed · Oct 20, 4:34 PM ET

Prev close $5.76

LTRX analyst rating

BuyConsensus of 5 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy5
Hold0
Underperform0
Sell0

12-month price target · 8 analysts

Average $10.79 (+85.5% upside)

Low: $9.60
Now: $5.82
High: $12.60

Upgrades and downgrades

The latest rating actions, newest first

LTRX analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Lake Street	Sep 18, 2026	Maintains	Buy	$8.00 → $10.00	46%
Needham	Aug 27, 2026	Maintains	Buy	$11.00	16%
Jones Trading	Jul 15, 2026	Initiates	Buy	$12.00	78%
Canaccord Genuity	Jul 9, 2026	Maintains	Buy	$10.50 → $11.00	31%
Needham	Jun 12, 2026	Maintains	Buy	$8.50 → $11.00	16%
Canaccord Genuity	Jun 8, 2026	Initiates	Buy	$10.50	31%
Needham	Feb 6, 2026	Maintains	Buy	$7.50 → $8.50	50%
Lake Street	Dec 11, 2025	Maintains	Buy	$6.00 → $8.00	46%
Needham	Nov 6, 2025	Maintains	Buy	$5.50 → $7.50	50%

The case for and against

Updated Oct 17, 2026

Bull case

Lantronix is increasingly attractive because its edge-compute SOM platform is becoming mission-critical for unmanned systems, where AI, autonomy, and image processing are driving rising demand across drone OEMs, gimbal providers, and counter-UxS customers. FQ4 showed the model is already translating into results, with revenue up 8% Y/Y to $31.2M, gross margin expanding to 44.1%, and adjusted EBITDA rising to $1.8M as operating leverage improved, while unmanned revenue grew to about $5M and FY26 reached $12.6M near the high end of guidance. The outlook remains strong as management expects unmanned systems to become 15%–20% of FY27 revenue, supported by 30+ current customers, 40+ targeted ecosystem relationships, and growing traction in Europe and APJ that broadens the opportunity beyond the Americas.

Bear case

Lantronix is facing a bearish setup because its edge-compute and autonomous-systems growth thesis depends on slower-than-expected drone adoption, yet defense procurement is vulnerable to funding approvals, budget shifts, continuing resolutions, and program delays. Competitive pressure in the embedded computing market from larger rivals and OEMs’ internal solutions could compress pricing, reduce design wins, and limit market share gains, while early drone revenue remains concentrated in a limited number of customers and programs. On top of that, reliance on third-party semiconductor suppliers and global manufacturing partners raises the risk of cost inflation, shipment delays, and weaker operating leverage, which could drive revenue growth below expectations and pressure valuation.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.