- Stifel initiates Semtech (NASDAQ:SMTC) with a Buy rating and a $60 price target, an 18% upside to yesterday’s close.
- The firm thinks Semtech has established a fast-growing analog company with multiple long-term, well-balanced and diversified growth vectors. The company has made focused R&D investments and a robust yet targeted M&A strategy.
- Source: Briefing.com.
- Semtech shares are flat premarket at $50.80.
Stifel starts Semtech at Buy
Recommended For You
More Trending News
About SMTC Stock
Related Stocks
Symbol | Last Price | % Chg |
---|---|---|
SMTC | - | - |
Semtech Corporation |