Piper Sandler Reiterates Overweight on Semtech, Raises Price Target to $60
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Harsh Kumar has reiterated an Overweight rating on Semtech (NASDAQ:SMTC) and raised the price target from $40 to $60.
May 29, 2024 | 1:24 pm
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POSITIVE IMPACT
Piper Sandler has reiterated an Overweight rating on Semtech and increased the price target from $40 to $60, indicating strong confidence in the company's future performance.
The reiteration of an Overweight rating and a significant increase in the price target from $40 to $60 by a reputable analyst suggests strong confidence in Semtech's future performance. This is likely to positively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100