There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Semtech (SMTC) and Anterix (ATEX) with bullish sentiments.
Semtech (SMTC)
B.Riley FBR analyst Craig Ellis maintained a Buy rating on Semtech yesterday and set a price target of $53.00. The company’s shares closed last Thursday at $46.60.
According to TipRanks.com, Ellis is ranked 0 out of 5 stars with an average return of -3.9% and a 41.3% success rate. Ellis covers the Technology sector, focusing on stocks such as Sequans Communications S A, Axcelis Technologies, and Methode Electronics.
Semtech has an analyst consensus of Strong Buy, with a price target consensus of $46.50, implying a -2.7% downside from current levels. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a $52.00 price target.
See today’s analyst top recommended stocks >>
Anterix (ATEX)
In a report released today, Mike Crawford from B.Riley FBR maintained a Buy rating on Anterix, with a price target of $75.00. The company’s shares closed last Thursday at $56.15, close to its 52-week high of $57.75.
According to TipRanks.com, Crawford is a 4-star analyst with an average return of 4.2% and a 53.2% success rate. Crawford covers the Technology sector, focusing on stocks such as TTM Technologies, Finjan Holdings, and Kratos Defense.
Currently, the analyst consensus on Anterix is a Moderate Buy with an average price target of $75.00.
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