Navigating 6 Analyst Ratings For Semtech
Portfolio Pulse from Benzinga Insights
In the last three months, 6 analysts have provided diverse ratings for Semtech (NASDAQ:SMTC), with a shift towards a more bearish sentiment. The average 12-month price target has been reduced by 9.24%, with a current average of $28.5. Analysts from firms like Stifel, Roth MKM, Needham, Susquehanna, and Benchmark have adjusted their ratings and price targets, reflecting changes in market dynamics and company performance. Semtech's financials show a positive revenue trend but challenges in net margin, ROE, ROA, and high debt-to-equity ratio.
January 02, 2024 | 9:01 pm
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Semtech has received mixed analyst ratings with a negative trend in the average price target, indicating a bearish sentiment. Financial indicators show revenue growth but also highlight profitability and debt management issues.
The reduction in the average price target by analysts suggests a bearish outlook for Semtech, which could negatively impact investor sentiment and the stock price in the short term. The financial challenges highlighted, such as the high debt-to-equity ratio and below-average ROE, may also contribute to potential downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100