SMTC Price Prediction Next Week
Technical Analysis Based on recent price action, SMTC shows bearish momentum with RSI at 28.38 indicating oversold conditions. The stock is trading below all major moving averages (5-day: $37.20, 20-day: $57.51, 200-day: $45.50), suggesting strong downward pressure.
Price Target Analysis
- Support levels: $36.25 (recent low)
- Resistance levels: $37.76 (recent high)
- Fibonacci support at $38.10
News & Sentiment Recent analysis shows SMTC received a high rating of 88% from Validea's Quantitative Momentum Investor model. However, the stock has been experiencing significant selling pressure despite positive analyst sentiment.
Next Week's Price Prediction Based on technical indicators and current market conditions:
- Most likely scenario (60% probability): Price range $35.50-$37.50
- Target price: $36.25
Trading Recommendation SELL with the following rationale:
- MACD showing bearish crossover (-7.71)
- Stock trading below all major moving averages
- Stochastic RSI at extremely low levels (2.90)
- Bollinger Band position (0.26) indicates continued downward momentum
Set stop-loss at $38.10 (Fibonacci S1 level) to manage risk.
SMTC Similar Chart Price Prediction
The price of SMTC is predicted to go up -7.66%, based on the high correlation periods with HDB. The similarity of these two price pattern on the periods is 96.75%.
SMTC
HDB
Down: -7.66%Similarity: 96.75%
SMTC Revenue Forecast
SMTC EPS Forecast
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SMTC Analyst's Forecast
Tore Svanberg
Stifel
Strong Buy
2025-02-10
Price Target
$75 → $70
Upside
+86.17%
Stifel lowered the firm's price target on Semtech to $70 from $75 and keeps a Buy rating on the shares after the company filed an 8-K after market close on February 7 to disclose that January year-end revenue from CopperEdge products used in active copper cables, especially in AI/data center applications, are expected to come in below the prior "floor case estimates" of $50M, citing changes to rack architectures and recent feedback from a particular server rack customer. While "disappointed" with the Friday disclosure, the firm maintains a Buy rating on shares at this time, though it lowered its target to reflect the reduced upside potential in calendar year 2025.
Harsh Kumar
Piper Sandler
Buy
2025-02-10
Price Target
$75 → $55
Upside
+46.28%
Quinn Bolton
Needham
Strong Buy
2025-02-10
Price Target
$74 → $54
Upside
+43.62%
