Stifel Maintains Buy on Semtech, Raises Price Target to $50
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg maintains a Buy rating on Semtech (NASDAQ:SMTC) and raises the price target from $45 to $50.
August 28, 2024 | 1:25 pm
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Stifel analyst Tore Svanberg has reiterated a Buy rating for Semtech and increased the price target from $45 to $50, indicating confidence in the company's future performance.
The increase in price target from $45 to $50 by Stifel suggests a positive outlook for Semtech, likely boosting investor confidence and potentially leading to a short-term increase in stock price.
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