🟢 SMTC is trading 5% up today as Susquehanna raises price target ahead of earnings

SMTC is trading 5% up today at approximately $153–$154 as Susquehanna raises its price target ahead of the company's May 26 earnings report.

• Susquehanna analyst Christopher Rolland reiterated a Positive rating and increased his price target, driving pre-market momentum.
• Traders are positioning for potential upside in the upcoming first-quarter earnings report following the recent analyst upgrade.
• The move extends a strong multi-day rally for the semiconductor firm as it builds on recent gains.