Roth MKM Maintains Buy on Semtech, Lowers Price Target to $49
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Scott Searle maintains a 'Buy' rating on Semtech (NASDAQ:SMTC) but has lowered the price target from $56 to $49.
September 14, 2023 | 2:36 pm
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Semtech's price target has been lowered from $56 to $49 by Roth MKM, though the 'Buy' rating is maintained.
The lowering of the price target by Roth MKM could potentially create a negative sentiment among investors, which might put downward pressure on the stock price. However, the maintained 'Buy' rating indicates that the analyst still sees potential in the stock, which could counterbalance the negative sentiment to some extent.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100