Silicon Motion Technology (SIMO) Stock Forecast & Price Target

$51.20 -2.82 (-5.22%)

(As of 11/15/2024 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

Moderate Buy

Based on 9 Analyst Ratings

Sell
1

Hold
0

Buy
8

Based on 9 Wall Street analysts who have issued ratings for Silicon Motion Technology in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 9 analysts, 1 has given a sell rating, and 8 have given a buy rating for SIMO.

Consensus Price Target

$81.67
59.51% Upside

According to the 9 analysts' twelve-month price targets for Silicon Motion Technology, the average price target is $81.67. The highest price target for SIMO is $95.00, while the lowest price target for SIMO is $60.00. The average price target represents a forecasted upside of 59.51% from the current price of $51.20.

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SIMO Analyst Ratings Over Time

Type	Current Forecast 11/16/23 to 11/15/24	1 Month Ago 10/17/23 to 10/16/24	3 Months Ago 8/18/23 to 8/17/24	1 Year Ago 11/16/22 to 11/16/23
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)	8 Buy rating(s)	5 Buy rating(s)
Hold	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)	0 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$81.67	$86.11	$87.56	$85.33
Forecasted Upside	59.51% Upside	52.90% Upside	37.08% Upside	45.27% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Buy

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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.

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	2.78	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	54.70% Upside	552.36% Upside	9.13% Upside
News Sentiment Rating	Positive News See Recent SIMO News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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
11/1/2024	Susquehanna 2 of 5 stars	Lower Target	Positive ➝ Positive	$110.00 ➝ $95.00	+79.58%
11/1/2024	Needham & Company LLC 2 of 5 stars	Lower Target	Buy ➝ Buy	$94.00 ➝ $75.00	+39.38%
10/31/2024	Craig Hallum 3 of 5 stars	Lower Target	Buy ➝ Buy	$96.00 ➝ $90.00	+65.38%
10/8/2024	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$90.00 ➝ $80.00	+31.28%
10/2/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$90.00 ➝ $90.00	+50.88%
9/16/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Overweight ➝ Overweight	$78.00 ➝ $65.00	+16.57%
Get the Latest News and Ratings for SIMO and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Silicon Motion Technology and its competitors with MarketBeat's FREE daily newsletter.
8/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Underperform	$90.00 ➝ $60.00	-10.02%
8/5/2024	B. Riley Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Buy ➝ Buy	$112.00 ➝ $95.00	+59.56%
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%
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 06:52 PM ET.

SIMO Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Silicon Motion Technology is $81.67, with a high forecast of $95.00 and a low forecast of $60.00.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Silicon Motion Technology in the last twelve months. There is currently 1 sell rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SIMO shares.
: According to analysts, Silicon Motion Technology's stock has a predicted upside of 59.51% based on their 12-month stock forecasts.
: Silicon Motion Technology has been rated by research analysts at Craig Hallum, Morgan Stanley, Needham & Company LLC, Roth Mkm, Susquehanna, and Wedbush in the past 90 days.
: Analysts like Silicon Motion Technology more than other "computer and technology" companies. The consensus rating score for Silicon Motion Technology is 2.78 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how SIMO compares to other companies.

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This page (NASDAQ:SIMO) was last updated on 11/15/2024 by MarketBeat.com Staff

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Silicon Motion Technology (SIMO) Stock Forecast & Price Target