Analysts Offer Insights on Technology Companies: Semtech (NASDAQ: SMTC) and Points International (NASDAQ: PCOM)

By Carrie Williams

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Semtech (NASDAQ: SMTC) and Points International (NASDAQ: PCOM) with bullish sentiments.

Semtech (NASDAQ: SMTC)

In a report released today, Cody Acree from Drexel Hamilton reiterated a Buy rating on Semtech (NASDAQ: SMTC), with a price target of $42. The company’s shares closed yesterday at $34.30, close to its 52-week high of $36.15.

According to TipRanks.com, Acree is a top 100 analyst with an average return of 26.4% and a 76.8% success rate. Acree covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Stmicroelectronics NV, and Silicon Laboratories.

Currently, the analyst consensus on Semtech is Moderate Buy and the average price target is $38.67, representing a 12.7% upside.

In a report released yesterday, Oppenheimer also reiterated a Buy rating on the stock with a $42 price target.
Points International (NASDAQ: PCOM)

RBC Capital analyst Drew Mcreynolds reiterated a Buy rating on Points International (NASDAQ: PCOM) today and set a price target of $13. The company’s shares closed yesterday at $7.60.

According to TipRanks.com, Mcreynolds is a 3-star analyst with an average return of 2.5% and a 58.1% success rate. Mcreynolds covers the Technology sector, focusing on stocks such as Rogers Communication, Sierra Wireless, and Celestica.

Points International has an analyst consensus of Moderate Buy.

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