Silicon Motion Technology (SIMO) Stock Forecast & Price Target

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$73.30

-0.93 (-1.25%)

(As of 04/18/2024 ET)

Silicon Motion Technology Consensus Analyst Rating and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Analysts' Consensus Rating

Buy
Based on 7 Analyst Ratings

Analysts' Consensus Price Target

$87.57
19.47% Upside

High Forecast	$102.00
Average Forecast	$87.57
Low Forecast	$75.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Buy	Buy	Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	3 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$87.57	$85.00	$82.71	$103.20
Predicted Upside	19.47% Upside	29.95% Upside	36.34% Upside	44.49% Upside

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SIMO Analyst Ratings By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SIMO Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Silicon Motion Technology Stock vs. The Competition

Type	Silicon Motion Technology	Computer and Technology Companies	S&P 500
Consensus Rating Score	3.00	2.58	2.49
Consensus Rating	Buy	Moderate Buy	Hold
Predicted Upside	19.47% Upside	112.05% Upside	12.32% Upside
News Sentiment Rating	Positive News	Neutral News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
4/10/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$93.00 ➝ $101.00	+26.31%
4/10/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$85.00	+6.10%
4/10/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$75.00 ➝ $85.00	+5.68%
2/8/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Overweight ➝ Overweight	$77.00 ➝ $85.00	+25.18%
2/7/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$75.00 ➝ $80.00	+22.21%
11/2/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$60.00 ➝ $75.00	+31.81%
7/28/2023	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target		$106.00 ➝ $102.00	+73.03%
5/19/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:05 AM ET.

SIMO Price Target - Frequently Asked Questions

What is Silicon Motion Technology's consensus rating and price target?: According to the issued ratings of 7 analysts in the last year, the consensus rating for Silicon Motion Technology stock is Buy based on the current 7 buy ratings for SIMO. The average twelve-month price prediction for Silicon Motion Technology is $87.57 with a high price target of $102.00 and a low price target of $75.00. Learn more on SIMO's analyst rating history.
Do Wall Street analysts like Silicon Motion Technology more than its competitors?: Analysts like Silicon Motion Technology more than other Computer and Technology companies. The consensus rating for Silicon Motion Technology is Buy while the average consensus rating for computer and technology companies is Moderate Buy. Learn more on how SIMO compares to other companies.
Is Silicon Motion Technology being upgraded by Wall Street analysts?: Over the previous 90 days, Silicon Motion Technology's stock had 1 upgrade by analysts.

Does Silicon Motion Technology's stock price have much upside?: According to analysts, Silicon Motion Technology's stock has a predicted upside of 24.47% based on their 12-month stock forecasts.
What analysts cover Silicon Motion Technology?: Silicon Motion Technology has been rated by B. Riley, Craig Hallum, JPMorgan Chase & Co., Needham & Company LLC, and Wedbush in the past 90 days.

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This page (NASDAQ:SIMO) was last updated on 4/19/2024 by MarketBeat.com Staff

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Silicon Motion Technology (SIMO) Stock Forecast & Price Target

Silicon Motion Technology Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

SIMO Analyst Ratings By Month

SIMO Price Targets by Month

Silicon Motion Technology Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

SIMO Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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