Semtech price target raised to $45 from $30 at Susquehanna

Susquehanna analyst Christopher Rolland raised the firm’s price target on Semtech to $45 from $30 and keeps a Positive rating on the shares. The firm said they provided a solid update for PON and LoRa, while even modules show some signs of improvement. Susquehanna thinks a key win in A.I. has the opportunity to change the company and accelerate the turnaround.