Baird Maintains Outperform on Semtech, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Baird analyst Craig Ellis maintains an Outperform rating on Semtech (NASDAQ:SMTC) and raises the price target from $40 to $50.
April 01, 2024 | 5:50 pm
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Baird analyst Craig Ellis maintains an Outperform rating on Semtech and raises the price target from $40 to $50.
The upgrade in price target by a reputable analyst like Craig Ellis suggests a strong bullish sentiment towards Semtech's future performance. This is likely to positively influence investor perception and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100