Susquehanna Maintains Positive on Semtech, Raises Price Target to $45
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Christopher Rolland has maintained a Positive rating on Semtech (NASDAQ:SMTC) and increased the price target from $30 to $45.
April 01, 2024 | 1:38 pm
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Susquehanna has maintained a Positive rating on Semtech and raised the price target from $30 to $45.
The increase in price target by a reputable analyst like Christopher Rolland from Susquehanna is a strong bullish signal for Semtech. It suggests a positive outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100