Roth Capital raised the firm’s price target on Semtech (SMTC) to $102 from $77 and keeps a Buy rating on the shares. The firm sees an improving growth outlook for the company in fiscal 2027 with 50% data center growth and 20% LoRa growth. Semtech reported modest fiscal Q4 upside with 26% year-over-year data center strength and raised its Q1 outlook, the analyst tells investors in a research note. Roth upped the company’s fiscal 2027 and 2028 sales outlook.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SMTC:
- Semtech price target raised to $98 from $90 at Stifel
- Semtech price target raised to $89 from $85 at Morgan Stanley
- Semtech: Accelerating Datacenter Growth and Balanced Copper-Optical Portfolio Underpin Buy Rating
- Semtech: Accelerating Data Center and AI Infrastructure Tailwinds Underpin Buy Rating
- Semtech sees Q1 adjusted EBITDA $59.5M +/- $3M