Needham Maintains Buy on Semtech, Raises Price Target to $38
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton has maintained a Buy rating on Semtech (NASDAQ:SMTC) and increased the price target from $26 to $38.
April 01, 2024 | 10:49 am
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Needham analyst Quinn Bolton reaffirmed a Buy rating on Semtech and raised the price target from $26 to $38.
The increase in price target by a reputable analyst like Quinn Bolton suggests a strong confidence in Semtech's future performance. This is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100