StocksMediumUpdated•Originally published 16 October 2026•Updated 16 October 2026•
1 min read
Semtech Stock Gains Support as Baird Sets $300 Price Target
Key Facts
1Semtech expects data-center revenue to more than double in the upcoming fiscal years.
Baird reaffirmed its "outperform" rating on Semtech shares and set a price target of $300. The firm cited record bookings and strong growth visibility through fiscal 2029 as primary drivers for the valuation, particularly within the company's data-center operations.
SMTC closed at $144.21 on October 15, 2026, after hitting a session high of $155.83 and a low of $133.66. The Baird outlook reinforces previous reporting from Barron's regarding the expected doubling of data-center revenue, supporting management's strategic roadmap through 2030.