Analysts Have Conflicting Sentiments on These Technology Companies: Semtech (SMTC), PagerDuty (PD) and Box (BOX)

Analysts have been eager to weigh in on the Technology sector with new ratings on Semtech (SMTC – Research Report), PagerDuty (PD – Research Report) and Box (BOX – Research Report).

Semtech (SMTC)

In a report released today, Christopher Rolland from Susquehanna reiterated a Buy rating on Semtech, with a price target of $25.00. The company’s shares closed last Friday at $16.82.

According to TipRanks.com, Rolland is a top 25 analyst with an average return of 21.5% and a 66.8% success rate. Rolland covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Lattice Semiconductor, and ARM Holdings PLC ADR.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Semtech with a $33.33 average price target, a 106.4% upside from current levels. In a report issued on December 1, Stifel Nicolaus also maintained a Buy rating on the stock with a $24.00 price target.

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PagerDuty (PD)

Canaccord Genuity analyst Kingsley Crane maintained a Buy rating on PagerDuty on December 1 and set a price target of $30.00. The company’s shares closed last Friday at $21.73, close to its 52-week low of $19.18.

According to TipRanks.com, Crane is a 4-star analyst with an average return of 12.6% and a 64.0% success rate. Crane covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, Confluent, and Dynatrace.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for PagerDuty with a $26.67 average price target, implying a 16.3% upside from current levels. In a report issued on December 1, William Blair also maintained a Buy rating on the stock.

Box (BOX)

Monness analyst Brian White maintained a Hold rating on Box today. The company’s shares closed last Friday at $26.57.

According to TipRanks.com, White is a top 100 analyst with an average return of 20.1% and a 67.1% success rate. White covers the Technology sector, focusing on stocks such as Palantir Technologies, Salesforce, and Snowflake.

Currently, the analyst consensus on Box is a Moderate Buy with an average price target of $30.25.

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Read More on SMTC:

• Options Volatility and Implied Earnings Moves This Week, December 04 – December 08, 2023
• SMTC Earnings this Week: How Will it Perform?
• Semtech price target lowered to $24 from $26 at Stifel
• Semtech price target lowered to $25 from $30 at Susquehanna
• Semtech price target lowered to $35 from $45 at B. Riley