Silicon Motion Technology Corporation (SIMO)
NASDAQ: SIMO · IEX Real-Time Price · USD
75.14
-1.56 (-2.03%)
At close: Jul 19, 2024, 4:00 PM
75.07
-0.07 (-0.09%)
Pre-market: Jul 20, 2024, 9:29 AM EDT
Silicon Motion Technology Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for SIMO stock have an average target of 91.25, with a low estimate of 60 and a high estimate of 112. The average target predicts an increase of 21.44% from the current stock price of 75.14.
Analyst Consensus: Strong Buy
Analyst Ratings
The average analyst rating for SIMO stock from 8 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 3 | 3 |
| Buy | 3 | 3 | 3 | 4 | 4 | 4 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 8 | 8 | 8 | 9 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| Needham | Needham | Strong Buy Maintains $85 → $94 | Strong Buy | Maintains | $85 → $94 | +25.10% | Jul 8, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $109 → $112 | Strong Buy | Maintains | $109 → $112 | +49.06% | Jul 8, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $105 → $109 | Strong Buy | Maintains | $105 → $109 | +45.06% | Jun 13, 2024 |
| Needham | Needham | Strong Buy Reiterates $85 | Strong Buy | Reiterates | $85 | +13.12% | May 6, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $101 → $105 | Strong Buy | Maintains | $101 → $105 | +39.74% | May 6, 2024 |
Financial Forecast
Revenue This Year
836.55M
from 639.14M
Increased by 30.89%
Revenue Next Year
933.42M
from 836.55M
Increased by 11.58%
EPS This Year
3.57
from 1.60
Increased by 122.94%
EPS Next Year
5.16
from 3.57
Increased by 44.69%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 882.0M | 1.1B | 1.0B |
| Avg | 836.6M | 933.4M | 980.4M |
| Low | 797.7M | 857.3M | 942.0M |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 38.0% | 32.6% | 8.1% |
| Avg | 30.9% | 11.6% | 5.0% |
| Low | 24.8% | 2.5% | 0.9% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 3.75 | 6.28 | 6.00 |
| Avg | 3.57 | 5.16 | 5.82 |
| Low | 3.34 | 4.18 | 5.60 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 134.3% | 76.0% | 16.2% |
| Avg | 122.9% | 44.7% | 12.8% |
| Low | 108.9% | 17.3% | 8.4% |
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.