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Analysts Offer Insights on Technology Companies: Semtech (SMTC) and Block (XYZ)

Tipranks - Tipranks - Thu Mar 5, 6:14AM CST

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Semtech (SMTC – Research Report) and Block (XYZ – Research Report) with bullish sentiments.

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Semtech (SMTC)

Benchmark Co. analyst Cody Acree reiterated a Buy rating on Semtech today and set a price target of $115.00. The company’s shares closed last Tuesday at $90.17.

According to TipRanks.com, Acree is a top 100 analyst with an average return of 26.9% and a 67.3% success rate. Acree covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Silicon Laboratories, and ARM Holdings PLC ADR. ;'>

Semtech has an analyst consensus of Strong Buy, with a price target consensus of $95.13, which is a 2.7% 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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Block (XYZ)

Morgan Stanley analyst James Faucette maintained a Buy rating on Block today and set a price target of $93.00. The company’s shares closed last Tuesday at $62.90.

According to TipRanks.com, Faucette is a 4-star analyst with an average return of 3.3% and a 58.5% success rate. Faucette covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Broadridge Financial Solutions, and Kyndryl Holdings Incorporation. ;'>

Block has an analyst consensus of Strong Buy, with a price target consensus of $85.97, a 36.0% upside from current levels. In a report issued on February 27, TipRanks – PerPlexity also upgraded the stock to Buy with a $60.00 price target.

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