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Silicon Motion Technology (SIMO) Stock Forecast & Price Target

$76.70
+1.20 (+1.59%)
(As of 07/18/2024 ET)

Silicon Motion Technology - Analysts' Recommendations 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.

Consensus Rating

Based on 8 Wall Street analysts who have issued ratings for Silicon Motion Technology in the last 12 months, the stock has a consensus rating of "Buy." Out of the 8 analysts, 8 have given a buy rating for SIMO.

Consensus Price Target

$93.13
21.41% Upside
High Forecast$112.00
Average Forecast$93.13
Low Forecast$75.00

According to the 8 analysts' twelve-month price targets for Silicon Motion Technology, the average price target is $93.13. The highest price target for SIMO is $112.00, while the lowest price target for SIMO is $75.00. The average price target represents a forecasted upside of 21.41% from the current price of $76.70.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
6 Buy rating(s)
3 Buy rating(s)
Hold
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$93.13$91.13$87.57$102.00
Forecasted Upside21.41% Upside26.69% Upside23.68% Upside50.91% Upside
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SIMO Analyst Recommendations 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.
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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.
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Silicon Motion Technology Stock vs. The Competition

TypeSilicon Motion TechnologyComputer and Technology CompaniesS&P 500
Consensus Rating Score
3.00
2.62
2.51
Consensus RatingBuyModerate BuyModerate Buy
Predicted Upside21.41% Upside109.98% Upside9.15% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/8/2024B. Riley
4 of 5 stars
 Boost TargetBuy ➝ Buy$109.00 ➝ $112.00+33.11%
7/8/2024Needham & Company LLC
3 of 5 stars
 Boost TargetBuy ➝ Buy$85.00 ➝ $94.00+11.72%
5/6/2024Susquehanna
2 of 5 stars
 Boost TargetPositive ➝ Positive$100.00 ➝ $110.00+48.73%
5/6/2024Craig Hallum
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 Boost TargetBuy ➝ Buy$80.00 ➝ $96.00+29.80%
5/6/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$59.00 ➝ $88.00+18.98%
5/3/2024Wedbush
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 Reiterated RatingOutperform ➝ Outperform$85.00+12.46%
2/8/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$77.00 ➝ $85.00+25.18%
11/2/2023Roth Mkm
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 UpgradeNeutral ➝ Buy$60.00 ➝ $75.00+31.81%
5/19/2023888
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 Reiterated RatingMaintains
10/5/2022Susquehanna Bancshares
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 UpgradePositive$108.00+56.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 07:41 AM ET.

SIMO Forecast - Frequently Asked Questions

What is Silicon Motion Technology's forecast for 2024?

According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Silicon Motion Technology is $93.13, with a high forecast of $112.00 and a low forecast of $75.00.

Should I buy or sell Silicon Motion Technology stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last year. There are currently 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SIMO shares.

Does Silicon Motion Technology's stock price have much upside?

According to analysts, Silicon Motion Technology's stock has a predicted upside of 26.16% based on their 12-month stock forecasts.

Has Silicon Motion Technology been upgraded by Wall Street analysts recently?

Over the previous 90 days, Silicon Motion Technology's stock had 1 upgrade by analysts.

What analysts cover Silicon Motion Technology?

Silicon Motion Technology has been rated by research analysts at B. Riley, Craig Hallum, Morgan Stanley, Needham & Company LLC, Susquehanna, and Wedbush in the past 90 days.

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.


This page (NASDAQ:SIMO) was last updated on 7/19/2024 by MarketBeat.com Staff

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