Analysts Stocks

      Selected Stock Price Target News of the Day — May 28, 2026

      By Mathew Auto

      Today’s stock price target news is led by three earnings reactions that drove the bulk of analyst price target activity on May 28. Semtech (SMTC) drew ten analyst price target increases after reporting record first-quarter revenue of $291 million on May 26. Snowflake (SNOW) drew seven of more than thirty analyst price target increases after first-quarter product revenue topped Street estimates by five percent and management disclosed a $6 billion multi-year AWS commitment. Dick’s Sporting Goods (DKS) received three analyst price target revisions after quarterly revenue beat consensus in its first full period as a combined Dick’s and Foot Locker business.

      Semtech: Ten Analysts Raise Price Targets After Record Q1 Revenue

      Context

      Semtech Corporation reported first-quarter fiscal 2027 net sales of $291 million on May 26, 2026, up 16 percent year over year and six percent sequentially. Non-GAAP adjusted EPS of $0.51 represented a 34 percent year-over-year improvement. Non-GAAP gross margin reached 53 percent and operating margin 20.4 percent. SMTC shares gained 9.8 percent the following session. Ten analysts published price target increases.

      Analyst Actions on SMTC

      Cody Acree of Benchmark raised his price target from $120 to $230, a 91.7 percent increase, maintaining Buy. Craig Ellis of Baird raised from $110 to $225, maintaining Outperform. Timothy Arcuri of UBS raised from $165 to $225, maintaining Buy, citing accelerating AI data center demand and continued LoRa IoT platform expansion. Quinn Bolton of Needham raised from $105 to $200. Anthony Stoss of Craig-Hallum raised from $105 to $205. Tore Svanberg of Stifel raised from $157 to $188, maintaining Buy. Christopher Rolland of Susquehanna raised from $170 to $200, maintaining Positive. Craig Kennison of B. Riley Securities raised from $165 to $210. Scott Searle of Roth Capital raised from $102 to $190. Joseph Moore of Morgan Stanley maintained Equal-Weight and raised from $155 to $175.

      What Triggered the Move on SMTC?

      Two growth drivers shaped the consensus reset. Semtech’s AI data center optical interconnect products are benefiting from rising hyperscaler infrastructure spending. LoRa-based wireless connectivity is adding carrier and utility deployments across Europe and Asia, with smart city, metering, and agricultural IoT applications each contributing. The new target range spans $175 to $230, reflecting different assumptions about how quickly AI data center revenue scales relative to the established IoT base. All ten analysts maintained or upgraded positive ratings.

      Which Analyst Has the Current Best Track Record on SMTC?

      Timothy Arcuri of UBS holds a 90.87 percent price target met ratio across 1,516 documented targets on this coverage, the highest accuracy among the ten analysts in this group. Tore Svanberg of Stifel follows with an 87.79 percent met ratio across 1,198 targets. Christopher Rolland of Susquehanna carries an 87.28 percent met ratio across 1,499 tracked targets.

      The stock price target news for Snowflake followed a Q1 earnings beat on both revenue and guidance.

      Snowflake: Seven Analyst Raises on Q1 Beat and $6 Billion AWS Commitment

      Context

      Snowflake reported first-quarter fiscal 2027 results on May 27, 2026. Product revenue reached $1.33 billion, up 34 percent year over year, five percent above the Street’s consensus estimate. Non-GAAP operating margin expanded 300 basis points year over year to 12 percent. Management raised full-year fiscal 2027 product revenue guidance to $5.84 billion, reflecting 31 percent year-over-year growth. The company disclosed a $6 billion multi-year AWS commitment. Cortex Code and Snowflake Intelligence are now deployed across more than half of all customer accounts. Net revenue retention reached 126 percent.

      Analyst Actions on SNOW

      Gregg Moskowitz of Mizuho raised his price target from $220 to $295, maintaining Outperform. Moskowitz cited Cortex Code and Snowflake Intelligence as primary drivers of the revenue beat. Gray Powell of BTIG raised from $235 to $280, maintaining Buy. Kash Rangan of Goldman Sachs raised from $216 to $278, maintaining Buy, citing product revenue five percent above consensus and EBIT margins beating expectations by 250 basis points. Raymond James raised from $200 to $275, maintaining Outperform, noting AI capabilities are now active across the majority of Snowflake’s installed base. Keith Weiss of Morgan Stanley raised from $245 to $300, the highest target in this wave, maintaining Overweight. Matthew Hedberg of RBC raised from $220 to $284, maintaining Outperform. Eric Heath of KeyBanc raised from $200 to $285, maintaining Overweight, pointing to Cortex Code uptake that became generally available in February and was not reflected in first-quarter guidance.

      What Triggered the Move on SNOW?

      The Q1 beat was the headline catalyst, the twentieth consecutive quarter of exceeding Street revenue estimates. Beyond the headline, the $6 billion AWS commitment signals long-term distribution scale, and Cortex Code deployment across more than half of all accounts demonstrates product adoption at an enterprise level. Snowflake added 616 net new customers in Q1, up 38 percent year over year, while customers spending over $1 million annually grew 29 percent to 779 accounts.

      Which Analyst Has the Current Best Track Record on SNOW?

      Eric Heath of KeyBanc carries the strongest record among the analysts in this wave, a 75.9 percent price target met ratio across 251 documented price targets and ratings, with targets that average 22.73 percent upside reached in about 140 days. Gregg Moskowitz of Mizuho carries a 73.49 percent met ratio across 1,751 documented price targets. Keith Weiss of Morgan Stanley holds a 72.6 percent met ratio across 1,645 targets and ratings. Kash Rangan of Goldman Sachs has a 72.33 percent met ratio across 1,097 documented targets. Matthew Hedberg of RBC carries a 70.18 percent met ratio across 2,472 targets and ratings. Gray Powell of BTIG holds a 69.66 percent met ratio across 524 documented targets.

      The stock price target news for Dick’s Sporting Goods reflects the first analyst consensus shift in six months.

      Dick’s Sporting Goods: First Positive Foot Locker Comp Draws Three Analyst Moves

      Context

      Dick’s Sporting Goods reported first-quarter fiscal 2026 results on May 27, 2026. Revenue reached $5.17 billion, beating the Street’s estimate of $4.97 billion. Revenue rose 62.7 percent year over year, driven by the Foot Locker acquisition closed in fiscal 2025. Dick’s namesake store comparable sales rose six percent. Foot Locker comparable sales grew 0.6 percent, the first positive comp for that banner since fiscal 2024. Combined comparable sales reached 4.1 percent. Adjusted EPS came in at $2.90. The company raised full-year guidance to revenue of $22.1 to $22.4 billion and EPS of $13.50 to $14.50.

      Analyst Actions on DKS

      Simeon Gutman of Morgan Stanley maintained Overweight and raised his price target from $250 to $270. Jonathan Matuszewski of Jefferies maintained Hold and raised from $210 to $224. Robert Drbul of BTIG maintained Buy and held his $300 price target unchanged.

      What Triggered the Move on DKS?

      The $200 million revenue beat and the first positive Foot Locker comp since 2024 were the two key data points. Analysts broadly treated $96.5 million in acquisition-related charges, $53.8 million in integration and severance costs plus $42.7 million to clear Foot Locker sale inventory, as a finite cost of completing the integration. The positive Foot Locker comp served as the more durable evidence of operational progress. The guidance raise confirmed management expects combined comparable growth to improve through fiscal 2026.

      Which Analyst Has the Current Best Track Record on DKS?

      Simeon Gutman of Morgan Stanley holds a 76.1 percent price target met ratio across 2,043 documented price targets, the highest accuracy of the three analysts covering DKS in this post-earnings wave. Jonathan Matuszewski of Jefferies carries a 68.96 percent met ratio across 373 documented targets. Robert Drbul of BTIG has a 47.85 percent met ratio across 484 documented targets.

      Track records for every analyst covered in this stock price target news roundup are on anachart.com. The full AnaChart dataset runs to 661,383 price targets and 759,654 ratings from 7,191 analysts, 3,754 active and 3,437 retired, across 9,686 tickers and 424 brokers, covering 2008 through 2026. The analyst price target dataset is available for deeper analysis, including retired analysts and on-demand research.