Piper Sandler analyst Harsh Kumar raised the firm’s price target on Semtech (SMTC) to $70 from $65 and keeps an Overweight rating on the shares. The firm notes the company reported a solid October quarter, nicely beating expectations and delivering a significant top-line beat for the January 2026 guide as they start to see acceleration in the data center business.
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Read More on SMTC:
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