StoneX Reiterates Buy Rating on Semtech Corp. (SMTC)
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 10/21/2026
- Nasdaq leads Wall Street gains as SpaceX, Super Micro boost AI sentiment
- Meta beats Q3 estimates, approves new nonvoting share class as AI spending surges
- Tesla stock up as automotive gross margin improves, free cash flow turns positive
- SpaceX, Tesla shares rise after Musk says committees exploring possible merger
- Brent falls as Iran's president discusses mediation with Pakistani army chief
Tweet
Share
E-mailGet Alerts SMTC Hot Sheet
Rating Summary:
24 Buy, 4 Hold, 0 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 12 | Down: 17 | New: 31
Join SI Premium – FREE
StoneX analyst Cody Acree reiterated a Buy rating and $230.00 price target on Semtech Corp. (NASDAQ: SMTC).
The analyst commented, "Thursday's selloff reflects a growth-expectations reset, in our view. SMTC fell as much as 16.6% intraday & closed down 10.0% while investors digested the Analyst Day. We believe the implied FY29/FY30 slowdown, limited CopperEdge detail and skeptical AI trading environment drove the disappointment. We view the partial 2.1% after-hours rebound as consistent with a more measured assessment of the outlook. We reiterate our Buy rating and our $230 price target."
For an analyst ratings summary and ratings history on Semtech Corp. click here. For more ratings news on Semtech Corp. click here.
Shares of Semtech Corp. closed at $144.21 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Abbott Labs (ABT) PT Lowered to $125 at BTIG
- United Airlines (UAL) files mixed shelf
- Southern Missouri Bancorp (SMBC) Tops Q1 EPS by 7c
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Maynard Um, Mark Zuckerberg, ARKSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
