Canaccord Genuity Group Issues Positive Forecast for Lantronix (NASDAQ:LTRX) Stock Price

Posted by Geri Gentry on Jul 9th, 2026

Lantronix (NASDAQ:LTRX – Get Free Report) had its price objective upped by research analysts at Canaccord Genuity Group from $10.50 to $11.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Canaccord Genuity Group’s target price would suggest a potential upside of 106.77% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Needham & Company LLC started coverage on shares of Lantronix in a research note on Friday, June 12th. They set a “buy” rating and a $11.00 price target for the company. Wall Street Zen downgraded Lantronix from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 14th. UBS Group restated a “buy” rating on shares of Lantronix in a report on Friday, June 12th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Lantronix in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, Lantronix has an average rating of “Moderate Buy” and an average target price of $10.00.

Get Our Latest Stock Analysis on Lantronix

Lantronix Stock Performance

NASDAQ:LTRX opened at $5.32 on Thursday. Lantronix has a 12-month low of $2.86 and a 12-month high of $8.75. The company has a current ratio of 2.74, a quick ratio of 1.80 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $233.97 million, a P/E ratio of -31.29 and a beta of 1.69. The stock has a 50-day moving average price of $6.47 and a 200 day moving average price of $6.19.

Lantronix (NASDAQ:LTRX – Get Free Report) last announced its quarterly earnings results on Wednesday, May 6th. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.05 by ($0.01). Lantronix had a negative return on equity of 6.79% and a negative net margin of 5.52%.The company had revenue of $30.18 million during the quarter, compared to analysts’ expectations of $30.49 million. Lantronix has set its Q4 2026 guidance at 0.030-0.050 EPS. Equities research analysts forecast that Lantronix will post -0.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Lantronix

Hedge funds have recently added to or reduced their stakes in the business. Soviero Asset Management LP acquired a new stake in Lantronix during the third quarter worth about $2,331,000. Nano Cap New Millennium Growth Fund L P purchased a new stake in Lantronix in the 4th quarter worth approximately $2,315,000. Arrowstreet Capital Limited Partnership boosted its position in Lantronix by 135.5% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 669,183 shares of the technology company’s stock worth $3,058,000 after purchasing an additional 385,075 shares in the last quarter. 683 Capital Management LLC acquired a new stake in shares of Lantronix during the 4th quarter worth approximately $1,209,000. Finally, Citadel Advisors LLC grew its stake in shares of Lantronix by 1,191.2% during the 3rd quarter. Citadel Advisors LLC now owns 195,583 shares of the technology company’s stock worth $894,000 after purchasing an additional 180,436 shares during the period. 39.38% of the stock is owned by hedge funds and other institutional investors.

About Lantronix

(Get Free Report)

Lantronix, Inc is a provider of secure data access and management solutions designed to simplify the deployment, monitoring and control of devices and equipment across a wide range of industries. Headquartered in Irvine, California, the company develops hardware and software products that enable connectivity for smart devices, industrial machinery, IT infrastructure and other systems in the Internet of Things (IoT) ecosystem.

Founded in 1989, Lantronix was among the early innovators in serial-to-Ethernet device networking and has since expanded its portfolio to include secure console servers, device servers, gateways and embedded modules.