Needham Reiterates Buy on Semtech, Maintains $35 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has reiterated a 'Buy' rating on Semtech (NASDAQ:SMTC) and maintained a price target of $35.
September 14, 2023 | 11:03 am
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POSITIVE IMPACT
Semtech's stock rating has been reiterated as 'Buy' by Needham analyst Quinn Bolton, with a maintained price target of $35.
The reiteration of a 'Buy' rating by a reputable analyst like Quinn Bolton from Needham is a positive signal for Semtech. The maintained price target of $35 indicates that the analyst believes the stock has potential for growth. This could lead to increased investor confidence and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100