According to the average brokerage recommendation (ABR), one should invest in Semtech (SMTC). It is debatable whether this highly sought-after metric is effective because Wall Street analysts' recommendations tend to be overly optimistic. Would it be worth investing in the stock?
In the most recent trading session, Semtech (SMTC) closed at $32.39, indicating a -0.77% shift from the previous trading day.
Semtech stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 70 to 86. IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market. Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.