Wall Street Analysts Believe Semtech (SMTC) Could Rally 40.02%: Here's is How to Trade

Shares of Semtech (SMTC) have gained 2.2% over the past four weeks to close the last trading session at $40.23, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $56.33 indicates a potential upside of 40%.The average comprises 12 short-term price targets ranging from a low of $43.00 to a high of $68.00, with a standard deviation of $8.32. While the lowest estimate indicates an inc ...