Robert W. Baird analyst Tristan Gerra has reiterated their bullish stance on SMTC stock, giving a Buy rating yesterday.
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Tristan Gerra has given his Buy rating due to a combination of factors that highlight Semtech’s promising growth trajectory. The company’s management is effectively meeting expectations, particularly with the acceleration of data center-related revenue growth. This growth is further bolstered by a significant design win in the ACC sector and an initial ramp-up for LPOs with major hyperscalers, indicating robust future revenue streams.
Additionally, Semtech’s strong market position in emerging AI-related trends and its leading analog expertise are expected to drive substantial growth in 2026. The company is also experiencing record data center sales and expanding LoRa revenue, supported by new features and capabilities. These positive developments, along with strategic asset divestments, underpin Gerra’s confidence in Semtech’s potential for continued success.
According to TipRanks, Gerra is a 5-star analyst with an average return of 11.6% and a 52.91% success rate. Gerra covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Intel, and Micron.