Wall Street analysts' mean short-term price target for Semtech implies a potential upside of 37%, with the stock closing the last trading session at $150.91 after gaining 11.6% over the past four weeks. The consensus estimate of $206.73 comprises 15 short-term price targets with a standard deviation of $32.98, ranging from a low of $155.00, a 2.7% increase, to a high of $300.00, a 98.8% surge. Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 45.6%, as six estimates moved higher and none moved lower. Semtech currently carries a Zacks Rank #1 (Strong Buy), which places it in the top 5% of more than 4,000 stocks ranked on four factors related to earnings estimates.
Semtech CorporationAnalysts' mean price target implies 37% upside and the Zacks Consensus EPS estimate rose 45.6% with six upward revisions, earning a Strong Buy rank.
