Craig Ellis, analyst at B Riley Foundation, reiterates coverage on Semtech Corp. (SMTC) in the Technology sector with a Buy rating. TipRanks.com has Ellis rated as a 5 star analyst with a 27% return on investment and a 65% success rate. Ellis has set a price target of $97.00 .
TipRanks.com reports that SMTC currently has 9 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $86.11 . The target pricing ranges from a high forecast of $97.00 down to a low forecast of $73.00 .
SMTC’s last closing price was $78.71 which would put the average price target at 9.40% upside.
In addition, TradingView issued a Strong Buy rating for SMTC over the next month.
Remember, securities are volatile, so please do your own research on SMTC.
Other analysts covering SMTC include:
- Christopher Rolland of Susquehanna issued a hold with the price target of $73 on September 1st
- Rick Schafer of Oppenheimer issued a buy rate with the price target of $85 on September 1st
- Quinn Bolton of Needham issued a buy rate with the price target of $88 on September 1st
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