Roth MKM Reiterates Buy on Semtech, Maintains $56 Price Target
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Searle has reiterated a 'Buy' rating on Semtech (NASDAQ:SMTC) and maintained a price target of $56.

September 06, 2023 | 3:43 pm
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POSITIVE IMPACT
Semtech's stock rating has been reiterated as 'Buy' by Roth MKM with a maintained price target of $56.
The reiteration of a 'Buy' rating by a reputable analyst like Scott Searle from Roth MKM is a positive signal for investors. It suggests that the analyst believes the stock is undervalued at current prices and has the potential for growth. The maintained price target of $56 also indicates that the analyst sees potential for the stock price to increase. This could lead to increased investor confidence and potentially a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100