Analysts Offer Insights on Technology Companies: Lantronix (LTRX), PaySign (PAYS) and Skyworks Solutions (SWKS)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Lantronix (LTRX – Research Report), PaySign (PAYS – Research Report) and Skyworks Solutions (SWKS – Research Report) with bullish sentiments.

Lantronix (LTRX)

In a report released today, Jaeson Schmidt from Lake Street reiterated a Buy rating on Lantronix, with a price target of $7.00. The company’s shares closed last Monday at $3.46, close to its 52-week low of $3.08.

According to TipRanks.com, Schmidt is a 5-star analyst with an average return of 10.3% and a 50.2% success rate. Schmidt covers the Technology sector, focusing on stocks such as Lightpath Technologies, Benchmark Electronics, and BlackSky Technology.

Currently, the analyst consensus on Lantronix is a Strong Buy with an average price target of $7.60, implying a 128.9% upside from current levels. In a report released today, Craig-Hallum also maintained a Buy rating on the stock with a $6.00 price target.

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PaySign (PAYS)

D.A. Davidson analyst Peter Heckmann maintained a Buy rating on PaySign today. The company’s shares closed last Monday at $4.69, close to its 52-week high of $4.75.

According to TipRanks.com, Heckmann is a 5-star analyst with an average return of 8.3% and a 59.9% success rate. Heckmann covers the Technology sector, focusing on stocks such as Broadridge Financial Solutions, Clearwater Analytics Holdings, and SS&C Technologies Holdings.

PaySign has an analyst consensus of Strong Buy, with a price target consensus of $5.75.

Skyworks Solutions (SWKS)

In a report released today, Anthony Stoss from Craig-Hallum maintained a Buy rating on Skyworks Solutions. The company’s shares closed last Monday at $107.86.

According to TipRanks.com, Stoss is a 5-star analyst with an average return of 8.8% and a 56.5% success rate. Stoss covers the Technology sector, focusing on stocks such as Akoustis Technologies, indie Semiconductor, and Digi International.

The word on The Street in general, suggests a Hold analyst consensus rating for Skyworks Solutions with a $111.22 average price target.

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Read More on LTRX:

• Lantronix Shares Informal Financial Insights with Investors
• Lantronix to Report Fiscal 2024 Third Quarter Results on April 29, 2024
• Lantronix to Participate in the 21st Annual Craig-Hallum Institutional Investor Conference on May 29, 2024
• Lantronix (LTRX) Q3 Earnings Cheat Sheet
• Lantronix’s case study focuses on deployment of its OOB solutions