Semtech (SMTC) Tops Q1 EPS by 4c, provides guidance
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June 6, 2024 1:27 PM EDT
CFRA analyst Angelo Zino raised the price target on Semtech Corp. (NASDAQ: SMTC) to $46.00 (from $32.00) while maintaining a Buy rating.
The analyst comments "We boost our 12-month target to $46 from $32 on higher revised P/E of 30x our CY 25 EPS view, above... More
June 6, 2024 5:39 AM EDT
Needham analyst N. Quinn Bolton raised the price target on Semtech Corp. (NASDAQ: SMTC) to $50.00 (from $38.00) while maintaining a Buy rating.
The analyst comments "Semtech reported a strong beat and topline raise while reiterating its FY26 ACC TAM opportunity at $100MM. Similar to many... More
June 6, 2024 4:40 AM EDT
Roth/MKM analyst Scott Searle raised the price target on Semtech Corp. (NASDAQ: SMTC) to $50.00 (from $42.00) while maintaining a Buy rating.
The analyst comments "Solid 1Q25 results with sales exceeding the high end of guidance ($206M, up 7% seq) were driven by a Data... More
