Robert W. Baird analyst Tristan Gerra has maintained their bullish stance on SMTC stock, giving a Buy rating on January 28.
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Tristan Gerra’s rating is based on Semtech’s strategic positioning in the market and its potential for long-term growth despite short-term challenges. Semtech is expected to benefit from medium-term opportunities in ACCs (Active Copper Cables) and LPOs (Linear Drive Pluggable Optics), which have significant advantages in power savings and latency.
Furthermore, Semtech is well-positioned with LPOs as ByteDance and Nvidia are expected to increase their demand, driving growth. Despite near-term turbulence due to slower-than-expected ACC adoption and system-level issues with the GB200 platform, Semtech’s strong product portfolio and future opportunities in these sectors support the Buy rating.
According to TipRanks, Gerra is a 5-star analyst with an average return of 8.6% and a 50.50% success rate. Gerra covers the Technology sector, focusing on stocks such as Semtech, Himax Technologies, and Intel.
In another report released on January 28, Benchmark Co. also reiterated a Buy rating on the stock with a $82.00 price target.