B. Riley Securities Maintains Buy on Semtech, Raises Price Target to $61
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities has maintained a Buy rating on Semtech and raised its price target from $58 to $61, indicating confidence in the company's future performance.
August 28, 2024 | 1:15 pm
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B. Riley Securities has reaffirmed its Buy rating on Semtech and increased the price target from $58 to $61, suggesting a positive outlook for the company's stock.
The reaffirmation of a Buy rating and an increase in the price target by a reputable analyst firm like B. Riley Securities typically indicates a positive outlook for the stock. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100