Susquehanna Maintains Positive on Semtech, Lowers Price Target to $25
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland has maintained a positive outlook on Semtech (NASDAQ:SMTC), but has lowered the price target from $30 to $25.
October 24, 2023 | 3:27 pm
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NEGATIVE IMPACT
Semtech's price target has been lowered from $30 to $25 by Susquehanna, despite maintaining a positive outlook.
The lowering of the price target by Susquehanna indicates a potential decrease in Semtech's stock value in the short term. However, the maintained positive outlook suggests that the company's overall performance and prospects remain strong.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100