Semtech price target raised to $105 from $80 at Craig-Hallum

Craig-Hallum expert Anthony Stoss raised the firm’s price target connected Semtech (SMTC) to $105 from $80 and keeps a Buy standing connected the shares. The steadfast believes investors should ain Semtech up of stronger information halfway maturation arsenic LPO/TIA and ACC ramps statesman to instrumentality shape. Management is calling for full information halfway revenues to turn 50%-plus successful FY27. Further, Craig-Hallum highlights Semtech began archetypal shipments of their LPO merchandise and expect archetypal 1.6T ACC shipments during the April quarter.

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