Semtech, the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Tristan Gerra from Robert W. Baird reiterated a Buy rating on the stock and has a $110.00 price target.
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Tristan Gerra has given his Buy rating due to a combination of factors including a sharp acceleration in Semtech’s data center revenues and expanding opportunities tied to AI infrastructure. He expects Google’s TPU deployments to double in each of the next two years, materially enlarging the addressable ACC revenue base, with meaningful shipment ramps beginning this quarter and continuing into the second half of F2027.
Medium-term growth drivers also support the positive view, such as increasing 3.2T connectivity content via CopperEdge and FiberEdge, incremental value from the HieFo acquisition that boosts dollar content per module, and rising demand for LPO and NPO architectures. In addition, the high-margin LoRa franchise is scaling with a solid long‑term growth outlook, consumer TVS is outperforming seasonal trends, and the ongoing Sierra Wireless divestiture is progressing, all reinforcing Gerra’s constructive stance on the stock.
According to TipRanks, Gerra is a 5-star analyst with an average return of 19.7% and a 55.00% success rate. Gerra covers the Technology sector, focusing on stocks such as STMicroelectronics, Texas Instruments, and Broadcom.
In another report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $110.00 price target.