Baird raised the firm’s price target on Semtech (SMTC) to $88 from $70 and keeps an Outperform rating on the shares. The firm updated its model to reflect the unfolding of multiple AI vectors and gross margins looking to rebound in 2026.
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Read More on SMTC:
- Semtech’s Growth Potential and Strategic Positioning Highlighted in Buy Rating with Raised Price Target
- Semtech price target raised to $70 from $65 at Piper Sandler
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