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home / news releases / semtech more confidence in the industry turning arou

SMTC - Semtech: More Confidence In The Industry Turning Around (Rating Upgrade)

Semtech Corporation

2024-06-24 08:13:11 ET

Summary

  • Upgraded rating from hold to buy based on positive industry trends and evidence of growth recovery.
  • Expecting continued positive sequential growth for Semtech, supported by strong bookings and healthy channel inventories.
  • Target price of ~$48 based on modeling for FY27 EBITDA, with expectations of growth acceleration in FY26/27 and EBITDA margins recovery.

Summary

For further details see:

Semtech: More Confidence In The Industry Turning Around (Rating Upgrade)
Stock Information
Company Name: Semtech Corporation
Stock Symbol: SMTC
Market: NASDAQ
Website: semtech.com
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