Stifel Maintains Buy on Semtech, Raises Price Target to $36
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Buy rating on Semtech (NASDAQ:SMTC) and raises the price target from $31 to $36.
April 18, 2024 | 5:28 pm
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Stifel analyst Tore Svanberg reaffirms a Buy rating on Semtech, increasing the price target to $36 from $31.
The increase in price target by a reputable analyst like Tore Svanberg suggests a positive outlook on Semtech's future performance, likely leading to increased investor confidence and potentially driving the stock price up in the short term.
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IMPORTANCE 90
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