Analysts Have Conflicting Sentiments on These Technology Companies: ACM Research (ACMR), Edgio (EGIO) and Semtech (SMTC)

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on ACM Research (ACMR – Research Report), Edgio (EGIO – Research Report) and Semtech (SMTC – Research Report).

ACM Research (ACMR)

In a report released today, Christian Schwab from Craig-Hallum reiterated a Buy rating on ACM Research, with a price target of $28.00. The company’s shares closed last Thursday at $13.11.

According to TipRanks.com, Schwab is a top 100 analyst with an average return of 20.2% and a 65.1% success rate. Schwab covers the Technology sector, focusing on stocks such as NEXTracker, Inc. Class A, Advanced Micro Devices, and Ultra Clean Holdings.

ACM Research has an analyst consensus of Strong Buy, with a price target consensus of $21.65.

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Edgio (EGIO)

Craig-Hallum analyst Jeff Van Rhee maintained a Hold rating on Edgio today. The company’s shares closed last Thursday at $0.82, close to its 52-week low of $0.45.

According to TipRanks.com, Rhee is a 5-star analyst with an average return of 25.4% and a 64.3% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, BlackSky Technology, and Alkami Technology.

Edgio has an analyst consensus of Moderate Buy, with a price target consensus of $1.50, which is a 77.2% upside from current levels. In a report released today, D.A. Davidson also maintained a Hold rating on the stock.

Semtech (SMTC)

In a report released today, Anthony Stoss from Craig-Hallum reiterated a Buy rating on Semtech, with a price target of $35.00. The company’s shares closed last Thursday at $27.80.

According to TipRanks.com, Stoss is a 5-star analyst with an average return of 18.2% and a 63.1% success rate. Stoss covers the Technology sector, focusing on stocks such as Akoustis Technologies, indie Semiconductor, and Stmicroelectronics.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Semtech with a $36.25 average price target.

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