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Semtech Corp has a consensus price target of $54.69 based on the ratings of 15 analysts. The high is $85 issued by Wells Fargo on March 17, 2022. The low is $43 issued by Cowen & Co. on September 1, 2022. The 3 most-recent analyst ratings were released by Susquehanna, Benchmark, and Benchmark on November 21, 2024, October 10, 2024, and October 7, 2024, respectively. With an average price target of $57.33 between Susquehanna, Benchmark, and Benchmark, there's an implied 12.64% upside for Semtech Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Semtech (NASDAQ:SMTC) was reported by Susquehanna on November 21, 2024. The analyst firm set a price target for $60.00 expecting SMTC to rise to within 12 months (a possible 17.88% upside). 33 analyst firms have reported ratings in the last year.
The latest analyst rating for Semtech (NASDAQ:SMTC) was provided by Susquehanna, and Semtech maintained their positive rating.
The last upgrade for Semtech Corp happened on October 19, 2023 when Benchmark raised their price target to $30. Benchmark previously had a hold for Semtech Corp.
The last downgrade for Semtech Corp happened on September 14, 2023 when Benchmark changed their price target from N/A to N/A for Semtech Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Semtech, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Semtech was filed on November 21, 2024 so you should expect the next rating to be made available sometime around November 21, 2025.
While ratings are subjective and will change, the latest Semtech (SMTC) rating was a maintained with a price target of $55.00 to $60.00. The current price Semtech (SMTC) is trading at is $50.90, which is out of the analyst’s predicted range.
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