Semtech (SMTC) Stock Forecast & Price Target

$51.02 +1.85 (+3.76%)

(As of 11/21/2024 ET)

Semtech - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 12 Analyst Ratings

Sell
0

Hold
2

Buy
10

Based on 12 Wall Street analysts who have issued ratings for Semtech in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 12 analysts, 2 have given a hold rating, and 10 have given a buy rating for SMTC.

Consensus Price Target

$53.10
4.07% Upside

According to the 12 analysts' twelve-month price targets for Semtech, the average price target is $53.10. The highest price target for SMTC is $61.00, while the lowest price target for SMTC is $46.00. The average price target represents a forecasted upside of 4.07% from the current price of $51.03.

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SMTC Analyst Ratings Over Time

Type	Current Forecast 11/23/23 to 11/22/24	1 Month Ago 10/24/23 to 10/23/24	3 Months Ago 8/25/23 to 8/24/24	1 Year Ago 11/23/22 to 11/23/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	10 Buy rating(s)	10 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)	0 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$53.10	$52.60	$48.90	$34.31
Forecasted Upside	4.07% Upside	17.41% Upside	32.48% Upside	117.55% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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SMTC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SMTC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Semtech Stock vs. The Competition

Type	Semtech	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.83	2.68	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	4.07% Upside	544.28% Upside	8.55% Upside
News Sentiment Rating	Positive News See Recent SMTC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2024	Susquehanna 2 of 5 stars		Boost Target	Positive ➝ Positive	$55.00 ➝ $60.00	+22.03%
10/7/2024	Benchmark 2 of 5 stars	C. Acree Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Buy ➝ Buy	$56.00 ➝ $56.00	+34.36%
8/28/2024	Roth Mkm 1 of 5 stars		Reiterated Rating	Buy ➝ Buy	$50.00 ➝ $50.00	+31.51%
8/28/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$45.00 ➝ $50.00	+29.17%
8/28/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$58.00 ➝ $61.00	+59.85%
8/28/2024	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Chan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
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8/28/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy ➝ Buy	$50.00 ➝ $50.00	+31.03%
6/6/2024	Northland Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$36.50 ➝ $46.00	+14.31%
6/6/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$36.00 ➝ $48.00	+24.10%
5/29/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Overweight ➝ Overweight	$40.00 ➝ $60.00	+43.27%
4/1/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$40.00 ➝ $50.00	+72.41%
4/1/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Market Perform ➝ Market Perform
12/1/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$43.00 ➝ $33.00	+7.35%
11/28/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$34.00	+16.68%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 01:37 AM ET.

SMTC Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for Semtech is $53.10, with a high forecast of $61.00 and a low forecast of $46.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Semtech in the last year. There are currently 2 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SMTC shares.
: According to analysts, Semtech's stock has a predicted upside of 4.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Semtech's stock had 1 downgrade by analysts.
: Semtech has been rated by research analysts at B. Riley, Benchmark, Needham & Company LLC, Roth Mkm, Stifel Nicolaus, Summit Insights, and Susquehanna in the past 90 days.
: Analysts like Semtech more than other "computer and technology" companies. The consensus rating score for Semtech is 2.83 while the average consensus rating score for "computer and technology" companies is 2.68. Learn more on how SMTC compares to other companies.

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This page (NASDAQ:SMTC) was last updated on 11/22/2024 by MarketBeat.com Staff

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Semtech (SMTC) Stock Forecast & Price Target