TD Cowen analyst Sean O'Loughlin raised the firm's price target on Semtech to $215 from $210 and keeps a Buy rating on the shares. The firm said Semtech's portfolio of high-performance, low-power analog circuit design is very well-aligned with accelerating line rate demands. Now coupled with a CEO who is focused on and intimately knows the Datacenter market, Cowen sees ample opportunity for Semtech to continue its recent trajectory.
