Silvaco Group, Inc. (NASDAQ:SVCO - Get Free Report) shares gapped up prior to trading on Friday . The stock had previously closed at $17.53, but opened at $18.01. Silvaco Group shares last traded at $18.02, with a volume of 7,931 shares trading hands.
Wall Street Analysts Forecast Growth
A number of research analysts have commented on the stock. Jefferies Financial Group initiated coverage on shares of Silvaco Group in a research note on Monday, June 3rd. They set a "buy" rating and a $25.00 price objective on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $28.00 price target on shares of Silvaco Group in a research report on Friday. TD Cowen started coverage on Silvaco Group in a research note on Monday, June 3rd. They issued a "buy" rating and a $23.00 price target for the company. Rosenblatt Securities restated a "buy" rating and set a $26.00 price objective on shares of Silvaco Group in a research note on Friday. Finally, Craig Hallum assumed coverage on Silvaco Group in a research report on Tuesday, June 4th. They issued a "buy" rating and a $25.00 target price for the company. Six analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $25.83.
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Silvaco Group Price Performance
Silvaco Group Company Profile
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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.
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