Silicon Motion Technology (SIMO) Stock Forecast & Price Target

$55.73

+0.54 (+0.98%)

(As of 01:09 PM 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

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

$85.00
52.52% Upside

High Forecast	$110.00
Average Forecast	$85.00
Low Forecast	$60.00

According to the 9 analysts' twelve-month price targets for Silicon Motion Technology, the average price target is $85.00. The highest price target for SIMO is $110.00, while the lowest price target for SIMO is $60.00. The average price target represents a forecasted upside of 52.52% from the current price of $55.73.

Type	Current Forecast 9/20/23 to 9/19/24	1 Month Ago 8/21/23 to 8/20/24	3 Months Ago 6/22/23 to 6/21/24	1 Year Ago 9/20/22 to 9/20/23
Consensus Rating	Moderate Buy	Moderate 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	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)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$85.00	$87.56	$91.13	$86.43
Forecasted Upside	52.52% Upside	24.56% Upside	26.69% Upside	43.51% 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.

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	2.64	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	54.01% Upside	93.67% Upside	7.93% Upside
News Sentiment Rating	Neutral 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
9/16/2024	Morgan Stanley 3 of 5 stars	Lower Target	Overweight ➝ Overweight	$78.00 ➝ $65.00	+16.57%
8/16/2024	Bank of America 4 of 5 stars	Downgrade	Buy ➝ Underperform	$90.00 ➝ $60.00	-10.02%
8/5/2024	B. Riley 4 of 5 stars	Lower Target	Buy ➝ Buy	$112.00 ➝ $95.00	+59.56%
7/8/2024	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$85.00 ➝ $94.00	+11.72%
5/6/2024	Susquehanna Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Positive ➝ Positive	$100.00 ➝ $110.00	+48.73%
5/6/2024	Craig Hallum Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy ➝ Buy	$80.00 ➝ $96.00	+29.80%
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5/3/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Outperform ➝ Outperform	$85.00	+12.46%
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%
11/2/2023	Roth Mkm Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$60.00 ➝ $75.00	+31.81%
5/19/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Maintains
10/5/2022	Susquehanna Bancshares Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Positive	$108.00	+56.07%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 01:26 PM ET.

SIMO Forecast - Frequently Asked Questions

What is Silicon Motion Technology's forecast for 2024?: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Silicon Motion Technology is $85.00, with a high forecast of $110.00 and a low forecast of $60.00.
Should I buy or sell Silicon Motion Technology stock right now?: 9 Wall Street 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 analysts is that investors should "moderate 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 24.51% based on their 12-month stock forecasts.
Has Silicon Motion Technology been downgraded by Wall Street analysts recently?: Over the previous 90 days, Silicon Motion Technology's stock had 1 downgrade by analysts.
What analysts cover Silicon Motion Technology?: Silicon Motion Technology has been rated by research analysts at B. Riley, Bank of America, Morgan Stanley, and Needham & Company LLC 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 score for Silicon Motion Technology is 2.78 while the average consensus rating score for "computer and technology" companies is 2.65. Learn more on how SIMO compares to other companies.