Craig-Hallum Maintains Buy on Semtech, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss maintains a 'Buy' rating on Semtech (NASDAQ:SMTC) but lowers the price target from $35 to $30.
September 14, 2023 | 3:08 pm
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Semtech's price target has been lowered from $35 to $30 by Craig-Hallum, but the 'Buy' rating is maintained.
The lowering of the price target indicates a potential decrease in the stock's value. However, the maintained 'Buy' rating suggests that the analyst still sees potential in the company's stock, which could balance out the impact of the lowered price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100