Needham Maintains Buy on Semtech, Lowers Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has maintained a Buy rating on Semtech (NASDAQ:SMTC) but reduced the price target from $35 to $26.
December 07, 2023 | 11:52 am
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Needham analyst reaffirms Buy rating on Semtech but lowers price target to $26 from $35.
The reduction in price target by Needham, despite maintaining a Buy rating, could lead to a negative perception among investors, potentially causing a short-term dip in Semtech's stock price.
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