Analyst Christopher Rolland from Susquehanna reiterated a Buy rating on Semtech and keeping the price target at $200.00.

Christopher Rolland has given his Buy rating due to a combination of factors, including Semtech’s strong data center momentum and improving profitability profile. He highlights that accelerated 1.6T qualifications and ramp are driving substantial upside in near-term revenue and gross margin, while guidance for the data center segment far exceeds prior expectations and expands the long‑term opportunity set.

Rolland also points to incremental growth drivers such as CopperEdge with a major hyperscale customer, expanding LoRa adoption in industrial markets, and a series of new optical products that should materially increase Semtech’s dollar content per transceiver over time. Coupled with sustainable margin mix benefits from the 1.6T ramp, the pending high-margin cellular divestiture, and an unchanged $200 price target (~14.5x 2026E EV/sales), he sees an attractive risk‑reward that supports maintaining a Buy rating.

In another report released today, BMO Capital also reiterated a Buy rating on the stock with a $155.00 price target.