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.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- Semtech upgraded to Buy from Hold at Summit Insights
- Semtech’s Strong Financial Performance and Strategic Growth Drive Buy Rating
- Semtech’s Promising Growth Trajectory: Buy Rating Backed by Data Center Expansion and AI Trends