SMTC is trading at $154.00 (5.1% up) as bullish analyst sentiment and a significant price target hike drive momentum ahead of Monday’s earnings report.
- Susquehanna raised its price target for the stock to $170 from $110, citing a more optimistic outlook for the company.
- The shares have maintained a sharp multi-day rally, climbing from $134.79 on May 19 to over $150 in pre-market trading.
- Current gains reflect continued investor positioning as the market anticipates the upcoming quarterly financial results.