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Semtech price target raised to $105 from $80 at Craig-Hallum
Yahoo Finance· 2026-03-18 13:20
Core Viewpoint - Craig-Hallum analyst Anthony Stoss has raised the price target for Semtech (SMTC) to $105 from $80, maintaining a Buy rating, indicating strong confidence in the company's future performance [1] Group 1: Company Performance - Semtech is expected to benefit from stronger data center growth as LPO/TIA and ACC ramps begin to take shape [1] - Management forecasts total data center revenues to grow by over 50% in FY27 [1] Group 2: Product Developments - Semtech has initiated initial shipments of their LPO product and anticipates initial 1.6T ACC shipments during the April quarter [1]