Silvaco Group, Inc. (NASDAQ:SVCO) Receives $25.50 Average PT from Analysts

Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) has been given an average recommendation of "Buy" by the six analysts that are currently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $25.50.

SVCO has been the topic of several recent research reports. Rosenblatt Securities initiated coverage on Silvaco Group in a research note on Monday. They issued a "buy" rating and a $26.00 price target on the stock. TD Cowen initiated coverage on Silvaco Group in a research note on Monday. They issued a "buy" rating and a $23.00 price target on the stock. Needham & Company LLC initiated coverage on Silvaco Group in a research note on Monday. They issued a "buy" rating and a $28.00 price target on the stock. Craig Hallum initiated coverage on Silvaco Group in a research note on Tuesday. They issued a "buy" rating and a $25.00 price target on the stock. Finally, B. Riley began coverage on Silvaco Group in a research note on Wednesday. They issued a "buy" rating and a $26.00 price target on the stock.

Silvaco Group Stock Performance

Shares of Silvaco Group stock traded down $0.82 during midday trading on Wednesday, hitting $16.34. The company had a trading volume of 225,602 shares, compared to its average volume of 220,283. Silvaco Group has a 52-week low of $15.81 and a 52-week high of $21.59.

Silvaco Group Company Profile

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company's solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.