No Heroic Bounce-Back In Store For Semtech's Protection And Sensing Segment, Analyst Revises Price Target Ahead Of Q1
Portfolio Pulse from Nabaparna Bhattacharya
Susquehanna analyst Christopher Rolland has reiterated a Neutral rating on Semtech Corporation (NASDAQ: SMTC) and lowered the price target to $25 from $30 ahead of Q1 earnings. The analyst expects inline results and softer guidance, with a more muted recovery in the Protection and Sensing segment and pricing pressure on LoRa products.
June 01, 2023 | 6:36 pm
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Semtech's price target has been lowered to $25 from $30 by Susquehanna analyst Christopher Rolland, who expects inline Q1 results and softer guidance.
The lowered price target and neutral rating from Susquehanna analyst Christopher Rolland indicate a less optimistic outlook for Semtech. The expectation of inline results and softer guidance, along with a more muted recovery in the Protection and Sensing segment and pricing pressure on LoRa products, suggest a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100