Semtech Corporation (SMTC, Financial), a leading supplier of high-performance analog and mixed-signal semiconductors, has received an updated price target from Stifel analyst Tore Svanberg. The analyst has raised the price target from $42.00 to $45.00, marking a 7.14% increase.
Stifel has maintained its "Buy" rating on Semtech (SMTC, Financial), reflecting continued confidence in the company's potential for future growth. The new price target signifies a positive outlook for the stock, with investors keenly watching for potential value in the semiconductor market.
This adjustment comes as part of Stifel's routine analysis of the semiconductor industry spearheaded by analyst Tore Svanberg, who remains optimistic about Semtech's (SMTC, Financial) strategic direction and market performance.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for Semtech Corp (SMTC, Financial) is $55.00 with a high estimate of $68.00 and a low estimate of $40.00. The average target implies an upside of 50.83% from the current price of $36.47. More detailed estimate data can be found on the Semtech Corp (SMTC) Forecast page.
Based on the consensus recommendation from 15 brokerage firms, Semtech Corp's (SMTC, Financial) average brokerage recommendation is currently 2.1, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Semtech Corp (SMTC, Financial) in one year is $31.97, suggesting a downside of 12.33% from the current price of $36.465. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Semtech Corp (SMTC) Summary page.
