Needham transferred coverage to Austin Bohlig, who raises the firm's price target on Lantronix to $11 from $8.50 and keeps a Buy rating on the shares. The firm views the company as a critical enabler of next-generation unmanned systems through its highly attractive edge computing platform, as onboard AI and autonomy become increasingly essential, the analyst tells investors in a research note. Drone related revenues can scale to at least $25M annually in FY27, with meaningful upside as U.S. drone procurement accelerates and incremental M&A, Needham added.
