Semtech price target raised to $30 from $25 at Susquehanna

Susquehanna raised the firm’s price target on Semtech to $30 from $25 and keeps a Positive rating on the shares. The firm previewed its quarter and they expect generally in-line results and guidance, as the inventory dynamic across IoT improves modestly, and Data Center may ride the AI tailwind. Susquehanna continues to believe the path to deleverage remains key to the story and will be watching closely for updates around potential asset sales.