Semtech jumps over 5% on Oppenheimer upgrade to Outperform

MSN
2025.09.30 14:34
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Semtech shares rose 5.5% after Oppenheimer upgraded the semiconductor firm to Outperform, setting a price target of $81. The upgrade is driven by expected growth in Active Copper Cable adoption and strong demand for LoRa technology, which is projected to sustain over 20% growth. Despite a Hold rating from Seeking Alpha, analysts remain bullish on the stock, which has seen a slight increase of 0.21% this year, lagging behind the S&P Index's 13% gain.

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