Baird Reiterates Buy on Semtech (SMTC), Highlights AI Growth and Partnerships

Semtech Corp. (NASDAQ:SMTC) is one of the worst-performing data center stocks in 2025. Although the company’s stock is up around 1.8% year-to-date, it has underperformed the broader market and its peers in the data center industry, which have seen an upbeat performance. Baird Reiterates Buy on Semtech (SMTC), Highlights AI Growth and Partnerships That said, on September 28, Robert W. Baird analyst Tristan Gerra reaffirmed a Buy rating on the stock with a $70 price target. His positive view is based on se ...