Stifel analyst Tore Svanberg raised the firm’s price target on Semtech (SMTC) to $80 from $57 and keeps a Buy rating on the shares after having met with members of Semtech management as well as Credo (CRDO) management and stopping by Marvell (MRVL) and MaxLinear (MXL) for booth tours at the ECOC 2025 event. The firm is updating its price targets for Credo, Marvell and Semtech in consideration of its discussions with management teams and higher multiples in recent weeks, the analyst tells investors.
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