Silicon Motion Technology Corporation (SIMO)
NASDAQ: SIMO · Real-Time Price · USD
54.28
+1.21 (2.28%)
Nov 21, 2024, 11:12 AM EST - Market open
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 50.46% from the current stock price of 54.28.
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 | +65.81% | Nov 1, 2024 |
| Susquehanna | Susquehanna | Buy Maintains $110 → $95 | Buy | Maintains | $110 → $95 | +75.02% | Nov 1, 2024 |
| Needham | Needham | Strong Buy Maintains $94 → $75 | Strong Buy | Maintains | $94 → $75 | +38.17% | Nov 1, 2024 |
| Roth MKM | Roth MKM | Strong Buy Maintains $90 → $80 | Strong Buy | Maintains | $90 → $80 | +47.38% | Oct 8, 2024 |
| Wedbush | Wedbush | Buy Reiterates $90 | Buy | Reiterates | $90 | +65.81% | Oct 2, 2024 |
Financial Forecast
Revenue This Year
825.14M
from 639.14M
Increased by 29.10%
Revenue Next Year
874.84M
from 825.14M
Increased by 6.02%
EPS This Year
3.37
from 1.59
Increased by 112.47%
EPS Next Year
4.10
from 3.37
Increased by 21.80%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 851.6M | 933.5M | 1.1B |
| Avg | 825.1M | 874.8M | 986.7M |
| Low | 791.3M | 784.3M | 905.5M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 33.2% | 13.1% | 25.7% |
| Avg | 29.1% | 6.0% | 12.8% |
| Low | 23.8% | -4.9% | 3.5% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.57 | 4.73 | 5.92 |
| Avg | 3.37 | 4.10 | 5.26 |
| Low | 2.75 | 3.62 | 4.55 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 125.2% | 40.3% | 44.4% |
| Avg | 112.5% | 21.8% | 28.2% |
| Low | 73.7% | 7.4% | 10.8% |
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.