Silicon Motion Technology Corporation (SIMO)
NASDAQ: SIMO · Real-Time Price · USD
61.47
+4.38 (7.67%)
Sep 26, 2024, 4:00 PM EDT - Market closed
Silicon Motion Technology Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for SIMO stock have an average target of 86.25, with a low estimate of 60 and a high estimate of 110. The average target predicts an increase of 40.31% from the current stock price of 61.47.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for SIMO stock from 8 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.
Recommendation Trends
| Rating | Apr '24 | May '24 | Jun '24 | Jul '24 | Aug '24 | Sep '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 5 | 5 | 4 | 4 | 3 | 3 |
| Buy | 3 | 4 | 4 | 4 | 4 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 0 |
| Sell | 0 | 0 | 0 | 0 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 10 | 9 | 9 | 9 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Morgan Stanley | Morgan Stanley | Buy Maintains $78 → $65 | Buy | Maintains | $78 → $65 | +5.74% | Sep 16, 2024 |
| B of A Securities | B of A Securities | Strong Buy → Sell Downgrades $90 → $60 | Strong Buy → Sell | Downgrades | $90 → $60 | -2.39% | Aug 16, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $112 → $95 | Strong Buy | Maintains | $112 → $95 | +54.55% | Aug 5, 2024 |
| Needham | Needham | Strong Buy Maintains $85 → $94 | Strong Buy | Maintains | $85 → $94 | +52.92% | Jul 8, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $109 → $112 | Strong Buy | Maintains | $109 → $112 | +82.20% | Jul 8, 2024 |
Financial Forecast
Revenue This Year
833.52M
from 639.14M
Increased by 30.41%
Revenue Next Year
909.85M
from 833.52M
Increased by 9.16%
EPS This Year
3.55
from 1.59
Increased by 123.75%
EPS Next Year
4.83
from 3.55
Increased by 36.30%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 866.8M | 976.5M | 1.2B |
| Avg | 833.5M | 909.9M | 1.0B |
| Low | 795.9M | 791.6M | 942.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.6% | 17.2% | 27.5% |
| Avg | 30.4% | 9.2% | 14.2% |
| Low | 24.5% | -5.0% | 3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.76 | 5.49 | 6.67 |
| Avg | 3.55 | 4.83 | 6.06 |
| Low | 3.26 | 4.41 | 5.54 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 137.1% | 54.8% | 37.9% |
| Avg | 123.8% | 36.3% | 25.3% |
| Low | 105.9% | 24.3% | 14.5% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.