Analysts Are Bullish on These Technology Stocks: Semtech (SMTC), Qnity Electronics, Inc. (Q)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Semtech (SMTC – Research Report) and Qnity Electronics, Inc. (Q – Research Report) with bullish sentiments.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Semtech (SMTC)
Oppenheimer analyst Rick Schafer maintained a Buy rating on Semtech on January 16 and set a price target of $81.00. The company’s shares closed last Friday at $77.56, close to its 52-week high of $79.52.
According to TipRanks.com, Schafer is a top 25 analyst with an average return of
Semtech has an analyst consensus of Strong Buy, with a price target consensus of $83.53, a 6.1% upside from current levels. In a report issued on January 16, Stifel Nicolaus also maintained a Buy rating on the stock with a $90.00 price target.
See today’s best-performing stocks on TipRanks >>
Qnity Electronics, Inc. (Q)
BMO Capital analyst Bhavesh Lodaya maintained a Buy rating on Qnity Electronics, Inc. today and set a price target of $109.00. The company’s shares closed last Friday at $97.25.
According to TipRanks.com, Lodaya is ranked #3428 out of 12040 analysts.
Qnity Electronics, Inc. has an analyst consensus of Strong Buy, with a price target consensus of $105.89, representing a 12.4% upside. In a report issued on January 8, Oppenheimer also reiterated a Buy rating on the stock with a $100.00 price target.
