Stifel Maintains Buy on Semtech, Raises Price Target to $31
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Buy rating on Semtech (NASDAQ:SMTC) and raises the price target from $26 to $31.
April 01, 2024 | 2:59 pm
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Stifel analyst Tore Svanberg maintains a Buy rating on Semtech and raises the price target from $26 to $31.
The increase in price target by Stifel indicates a positive outlook on Semtech's stock, suggesting potential growth. This could lead to increased investor confidence and a potential rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100