Semtech Likely To Report Higher Q2 Earnings; These Most Accurate Analysts Revise Forecasts Ahead Of Earnings Call
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Semtech Corporation (NASDAQ:SMTC) is set to report Q2 earnings on Aug. 25, with expectations of 40 cents per share, up from 11 cents last year. Projected revenue is $256.06 million, compared to $215.35 million a year prior. Analysts have revised their ratings, with Stifel maintaining a Buy and raising the price target to $54, while Morgan Stanley increased theirs to $43. Other analysts also reiterated Buy ratings with varying price targets, reflecting positive sentiment ahead of the earnings call.
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