B. Riley Securities Maintains Buy on Semtech, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Semtech (NASDAQ:SMTC) and raised the price target from $43 to $50.
May 17, 2024 | 4:50 pm
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B. Riley Securities has maintained a Buy rating on Semtech and increased the price target from $43 to $50, indicating confidence in the company's future performance.
The raised price target and maintained Buy rating from a reputable analyst firm like B. Riley Securities suggest a positive outlook for Semtech's stock. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100