Silicon Motion Technology Corporation (SIMO)
NASDAQ: SIMO · IEX Real-Time Price · USD
71.92
-1.38 (-1.88%)
Apr 19, 2024, 3:37 PM EDT - Market open
Silicon Motion Technology Stock Forecast
Stock Price Forecast
The 8 analysts with 12-month price forecasts for SIMO stock have an average target of 87.88, with a low estimate of 60 and a high estimate of 106. The average target predicts an increase of 22.19% from the current stock price of 71.92.
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 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 2 | 2 | 3 | 4 | 4 | 4 |
| Buy | 2 | 2 | 3 | 3 | 3 | 3 |
| Hold | 1 | 1 | 1 | 1 | 1 | 1 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 7 | 8 | 8 | 8 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| B. Riley Securities | B. Riley Securities | Strong Buy Maintains $93 → $101 | Strong Buy | Maintains | $93 → $101 | +40.43% | Apr 10, 2024 |
| Wedbush | Wedbush | Buy Reiterates $85 | Buy | Reiterates | $85 | +18.19% | Apr 10, 2024 |
| Needham | Needham | Strong Buy Maintains $75 → $85 | Strong Buy | Maintains | $75 → $85 | +18.19% | Apr 10, 2024 |
| B. Riley Securities | B. Riley Securities | Strong Buy Reiterates $90 → $93 | Strong Buy | Reiterates | $90 → $93 | +29.31% | Mar 15, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $77 → $85 | Buy | Maintains | $77 → $85 | +18.19% | Feb 8, 2024 |
Financial Forecast
Revenue This Year
643.03M
from 945.92M
Decreased by -32.02%
Revenue Next Year
804.97M
from 643.03M
Increased by 25.18%
EPS This Year
2.13
from 5.16
Decreased by -58.64%
EPS Next Year
3.40
from 2.13
Increased by 59.28%
Revenue Forecast
| Revenue | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 668.6M | 862.7M | 1.0B |
| Avg | 643.0M | 805.0M | 902.2M |
| Low | 595.0M | 766.4M | 824.4M |
Revenue Growth
| Revenue Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -29.3% | 34.2% | 29.9% |
| Avg | -32.0% | 25.2% | 12.1% |
| Low | -37.1% | 19.2% | 2.4% |
EPS Forecast
| EPS | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | 2.29 | 3.61 | 5.90 |
| Avg | 2.13 | 3.40 | 4.74 |
| Low | 1.99 | 3.19 | 3.26 |
EPS Growth
| EPS Growth | 2023 | 2024 | 2025 |
|---|---|---|---|
| High | -55.6% | 69.2% | 73.6% |
| Avg | -58.6% | 59.3% | 39.4% |
| Low | -61.4% | 49.7% | -4.0% |
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.