Lantronix, Inc. (NASDAQ:LTRX) is a high-growth micro-cap stock to buy now. On June 12, Needham initiated coverage of Lantronix, Inc. (NASDAQ:LTRX) with a Buy rating and an $11 price target. The research firm remains bullish on the company’s long-term prospects, buoyed by its next-generation unmanned systems enabled by the edge computing platform.
Copyright: fotomaximum / 123RF Stock Photo
The company already boasts of strong business ties with more than 40 leading drone OEMs and adjacent subsystems providers. Consequently, it is well positioned to be a leading supplier across the evolving unmanned systems ecosystem. The company has already unveiled SLC 9000, a console manager device tailored to enhance remote access and management capabilities for artificial intelligence data centers.
The research firm expects the company’s drone-related revenues to surge to at least $25 million by fiscal year 2027. The increase will mostly be driven by meaningful upside as US drone procurement accelerates. Amid the expected increase, Needham insists, Lantronix offers one of the most underappreciated ways to gain exposure to the emerging drone supercycle.
Lantronix, Inc. (NASDAQ:LTRX) is a global provider of intelligent hardware, software services, and engineering solutions for Edge Computing, the Internet of Things (IoT), and Remote Environment Management (REM). They specialize in helping businesses securely connect machines, manage network infrastructure, and power mission-critical autonomous systems.
While we acknowledge the potential of LTRX as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: Billionaire Ken Fisher’s Top 12 High-Growth Stock Picks and 12 Best Tech Stocks to Invest In on the Dip.
Disclosure: None. Follow Insider Monkey on Google News.