Reported about 19 hours ago
Stifel analyst Tore Svanberg has upgraded his outlook on Semtech Corp. (NASDAQ:SMTC), raising the price target from $45 to $54 while maintaining a Buy rating. This adjustment comes as signs indicate a recovery in the semiconductor sector, driven by stabilizing demand in key markets, particularly related to AI, IoT, and data infrastructure. Despite an uncertain recovery pace, Stifel encourages an Overweight position in semiconductor stocks, particularly those linked to the AI ecosystem, suggesting Semtech is well-positioned in this context.
Source: YAHOO