Stifel Maintains Buy on Semtech, Raises Price Target to $26
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has maintained a Buy rating on Semtech (NASDAQ:SMTC) and increased the price target from $22 to $26, indicating a positive outlook on the company's stock.
January 02, 2024 | 7:27 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Stifel analyst Tore Svanberg maintains a Buy rating on Semtech and raises the price target from $22 to $26, suggesting a bullish stance on the stock.
The increase in price target by Stifel reflects a positive assessment of Semtech's future performance, which is likely to be viewed favorably by investors. This could lead to a short-term increase in the stock price as market participants react to the analyst's upgraded outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100