Lantronix (LTRX) stock is currently trading at $3.92, with a recent upward trend supported by a 3.36% pre-market gain and a 1.55% regular market increase. Analysts from Needham and Canaccord Genuity maintain a "Strong Buy" rating, with price targets of $5.5 and $5, respectively, indicating a potential upside of 27%-40%. The bullish view is driven by its innovative IoT solutions and recent collaborations, such as the military-grade gunshot detection system, which highlight its growth potential in high-demand sectors.