Analyst Optimism Grants Semtech Price Target Increase

The renowned analyst Harsh Kumar from Piper Sandler has raised the price target for the stock of technology company Semtech from a previous $60 to now $75, while maintaining his "Overweight" rating. This comes in light of the company's third-quarter results and January forecast exceeding analyst expectations. In particular, the data center segment appears to be crucial for revenue growth, as reported by Piper Sandler.

Additionally, the price target for Semtech was also raised by analysts at Stifel, although more moderately from $58 to $65, which underscores the positive general trend the stock is currently experiencing. Solid growth figures in the third quarter of 2025, as well as an adjusted earnings per share of 26 cents, which exceeded the expected 23 cents, support this evaluation.

The recent figures for the third quarter of 2025 show that Semtech has experienced a veritable record run, which simultaneously caused the stock to gain strongly in the market. While Semtech gained momentum, Zoom, on the other hand, came under some pressure following the release of its current business figures.