Silicon Motion Technology Corporation (SIMO)
NASDAQ: SIMO · Real-Time Price · USD
52.78
-1.03 (-1.91%)
Nov 1, 2024, 4:00 PM EDT - Market closed
Silicon Motion Technology Stock Forecast
Stock Price Forecast
The 9 analysts with 12-month price forecasts for SIMO stock have an average target of 81.67, with a low estimate of 60 and a high estimate of 95. The average target predicts an increase of 54.74% from the current stock price of 52.78.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for SIMO stock from 9 stock analysts is "Strong Buy". This means that analysts believe this stock is likely to perform very well in the near future and significantly outperform the market.
Recommendation Trends
| Rating | Jun '24 | Jul '24 | Aug '24 | Sep '24 | Oct '24 | Nov '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 3 | 3 | 4 | 4 |
| Buy | 4 | 4 | 4 | 4 | 4 | 4 |
| Hold | 1 | 1 | 1 | 0 | 0 | 0 |
| Sell | 0 | 0 | 1 | 1 | 1 | 1 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 9 | 9 | 9 | 8 | 9 | 9 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Craig-Hallum | Craig-Hallum | Strong Buy Maintains $96 → $90 | Strong Buy | Maintains | $96 → $90 | +70.52% | Nov 1, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $110 → $95 | Buy | Maintains | $110 → $95 | +79.99% | Nov 1, 2024 |
| Needham | Needham | Strong Buy Maintains $94 → $75 | Strong Buy | Maintains | $94 → $75 | +42.10% | Nov 1, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $90 → $80 | Strong Buy | Maintains | $90 → $80 | +51.57% | Oct 8, 2024 |
| Wedbush | Wedbush | Buy Reiterates $90 | Buy | Reiterates | $90 | +70.52% | Oct 2, 2024 |
Financial Forecast
Revenue This Year
834.55M
from 639.14M
Increased by 30.57%
Revenue Next Year
905.29M
from 834.55M
Increased by 8.48%
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 | 834.6M | 905.3M | 1.0B |
| Low | 795.9M | 791.6M | 905.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 35.6% | 17.0% | 28.1% |
| Avg | 30.6% | 8.5% | 13.6% |
| Low | 24.5% | -5.1% | 0.0% |
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.