Semtech price target raised to $91 from $90 at B. Riley

B. Riley raised the firm’s price target connected Semtech (SMTC) to $91 from $90 and keeps a Buy standing connected the shares. Semtech modestly bushed Q3 expectations, guided Q4 supra statement connected revenue, and highlighted aggregate signs of accelerating Data Center momentum, the expert tells investors successful a probe enactment While mix-driven borderline unit and deficiency of EPS upside weighed connected the stock, the broader setup points to continued maturation recovery, the steadfast says.

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Disclaimer & DisclosureReport an Issue

• Semtech terms people raised to $77 from $65 astatine Roth Capital

• Semtech terms people raised to $67 from $64 astatine Morgan Stanley

• Semtech terms people raised to $85 from $76 astatine Benchmark

• Semtech terms people raised to $88 from $70 astatine Baird

• Semtech’s Growth Potential and Strategic Positioning Highlighted successful Buy Rating with Raised Price Target