Needham Upgrades Semtech to Buy, Announces $35 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has upgraded Semtech (NASDAQ:SMTC) from Hold to Buy and announced a price target of $35.
September 06, 2023 | 10:14 am
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Semtech's stock has been upgraded to Buy from Hold by Needham analyst Quinn Bolton, with a new price target of $35.
The upgrade from Hold to Buy indicates a positive outlook for Semtech's stock. The new price target of $35 also suggests potential upside for the stock. This could lead to increased investor interest and potentially a rise in the stock price in the short term.
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