Oppenheimer Raises Semtech (SMTC) Price Target to $225, Maintains Outperform
Shares of Semtech (SMTC) rose 5.1% after Oppenheimer increased its price target to $225 from $200 and reiterated an Outperform rating.
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Oppenheimer Maintains Outperform on Semtech, $225 Price Target
Oppenheimer maintained its Outperform rating on Semtech's stock and set a price target of $225, implying a 26.2% upside from the previous close. The analyst note highlighted strong growth prospects for the company.