Analysis

Expert Forecasts Promising Upside for Lattice Semiconductor Amidst April's Market Downturn

Published May 1, 2024

U.S. stocks experienced a downturn on Tuesday, as the Dow Jones Industrial Average fell sharply by over 550 points. This marked a transition from the bullish trend seen over the prior five months, with April concluding as a month of losses across all three major stock indices. Amidst this broader market pullback, a particular analyst, known for their notable 86% accuracy rate, has identified potential growth in LSCC—Lattice Semiconductor. The Hillsboro, Oregon-based semiconductor company, with operations extending across Asia, Europe, and America, is projected to see an upward trajectory exceeding 24%.

Wall Street's Most Accurate Analysts Select April Stock Picks

Investment experts continue to search for opportunities despite the market's recent decline. Apart from LSCC, other stock picks with promising outlooks have been highlighted. These include DMPZF, PMT, PennyMac Mortgage Investment Trust, a specialty finance entity investing in mortgage-related assets from Westlake Village, California; the renowned camera company SNAP, Snap Inc., centered in Santa Monica, California; DPZ, the iconic global pizza chain Domino's Pizza, Inc.; and ON, ON Semiconductor Corporation, a key player in semiconductor components with its base in Phoenix, Arizona. As investment landscapes shift, these picks present diverse opportunities for investors seeking growth amidst volatility.

stocks, semiconductor, investment, analyst, market