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T   16.09 (-0.92%)
F   12.09 (-1.14%)
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GE   156.76 (+1.99%)
CGC   6.70 (-4.01%)
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Semtech (SMTC) Stock Forecast & Price Target

$32.94
+0.55 (+1.70%)
(As of 04:00 PM ET)

Semtech Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 12 Analyst Ratings

Analysts' Consensus Price Target

$39.35
19.46% Upside
High Forecast$50.00
Average Forecast$39.35
Low Forecast$30.00
TypeCurrent Forecast
4/17/23 to 4/16/24
1 Month Ago
3/18/23 to 3/17/24
3 Months Ago
1/17/23 to 1/17/24
1 Year Ago
4/17/22 to 4/17/23
Consensus Rating
Moderate Buy
Buy
Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
11 Buy rating(s)
11 Buy rating(s)
11 Buy rating(s)
6 Buy rating(s)
Hold
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$39.35$33.10$32.60$45.08
Predicted Upside19.46% Upside53.09% Upside55.56% Upside33.81% Upside
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SMTC Analyst Ratings 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.
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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.
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Semtech Stock vs. The Competition

TypeSemtechComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.92
2.58
2.49
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside21.71% Upside116.81% Upside12.06% Upside
News Sentiment RatingPositive News
Positive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/1/2024Northland Securities
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 Boost TargetOutperform ➝ Outperform$30.00 ➝ $36.50+24.79%
4/1/2024Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$40.00 ➝ $50.00+72.41%
4/1/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$26.00 ➝ $31.00+3.78%
4/1/2024Oppenheimer
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 Reiterated RatingMarket Perform ➝ Market Perform
4/1/2024Susquehanna
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 Boost TargetPositive ➝ Positive$30.00 ➝ $45.00+48.22%
4/1/2024Piper Sandler
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 Reiterated RatingOverweight ➝ Overweight$30.00 ➝ $40.00+31.75%
4/1/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$30.00 ➝ $36.00+30.96%
4/1/2024Needham & Company LLC
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 Boost TargetBuy ➝ Buy$26.00 ➝ $38.00+38.23%
12/7/2023Roth Mkm
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 Lower TargetBuy ➝ Buy$46.00 ➝ $42.00+111.37%
10/19/2023Benchmark
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 UpgradeHold ➝ Buy$30.00+50.60%
9/14/2023B. Riley
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C. Ellis
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Lower TargetBuy ➝ Buy$52.00 ➝ $45.00+96.76%
9/14/2023Summit Insights
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 UpgradeHold ➝ Buy

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 04:40 PM ET.

SMTC Price Target - Frequently Asked Questions

What is Semtech's consensus rating and price target?

According to the issued ratings of 12 analysts in the last year, the consensus rating for Semtech stock is Moderate Buy based on the current 1 hold rating and 11 buy ratings for SMTC. The average twelve-month price prediction for Semtech is $39.35 with a high price target of $50.00 and a low price target of $30.00. Learn more on SMTC's analyst rating history.

Do Wall Street analysts like Semtech more than its competitors?

Analysts like Semtech more than other Computer and Technology companies. The consensus rating score for Semtech is 2.92 while the average consensus rating score for computer and technology companies is 2.58. Learn more on how SMTC compares to other companies.

Does Semtech's stock price have much upside?

According to analysts, Semtech's stock has a predicted upside of 47.67% based on their 12-month stock forecasts.

What analysts cover Semtech?

Stock Ratings Reports and Tools

This page (NASDAQ:SMTC) was last updated on 4/16/2024 by MarketBeat.com Staff

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