Piper Sandler Maintains Overweight on Semtech, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has maintained an Overweight rating on Semtech (NASDAQ:SMTC) but lowered the price target from $40 to $30.
September 14, 2023 | 1:17 pm
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Semtech's price target has been lowered from $40 to $30 by Piper Sandler, though the Overweight rating is maintained.
The lowering of the price target by Piper Sandler indicates a potential decrease in Semtech's stock value in the short term. However, the maintained Overweight rating suggests that the stock is still expected to outperform.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100