Analysts Offer Insights on Technology Companies: Semtech (SMTC) and STMicroelectronics (STM)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Semtech (SMTC – Research Report) and STMicroelectronics (STM – Research Report) with bullish sentiments.
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Semtech (SMTC)
Oppenheimer analyst Rick Schafer reiterated a Buy rating on Semtech yesterday and set a price target of $100.00. The company’s shares closed last Monday at $85.14.
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 $96.73, which is a 19.5% upside from current levels. In a report issued on February 26, TipRanks – PerPlexity also upgraded the stock to Buy with a $102.00 price target.
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STMicroelectronics (STM)
In a report released yesterday, Tristan Gerra from Robert W. Baird maintained a Buy rating on STMicroelectronics, with a price target of $45.00. The company’s shares closed last Monday at $33.53.
According to TipRanks.com, Gerra is a 5-star analyst with an average return of
STMicroelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $35.40, representing a 13.3% upside. In a report issued on February 23, Susquehanna also reiterated a Buy rating on the stock with a $40.00 price target.
