Semtech’s (NASDAQ: SMTC) stock price action has been in rebound mode since April, and it will likely continue higher through the year’s end. The price action will likely continue higher because market forces, including the results, outlook, business quality, analysts, institutions, and short-sellers, are coming into alignment.
The market for this semiconductor stock can not only continue higher in this scenario, but it will likely exceed the high end of the analyst's range, given time.
