On Nov 05, major Wall Street analysts update their ratings for $Silicon Laboratories (SLAB.US)$, with price targets ranging from $115 to $135.
Needham analyst Quinn Bolton maintains with a buy rating, and adjusts the target price from $150 to $120.
Stifel analyst Tore Svanberg maintains with a buy rating, and adjusts the target price from $160 to $135.
KeyBanc analyst John Vinh maintains with a buy rating, and adjusts the target price from $130 to $115.
Benchmark Co. analyst Cody Acree maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $Silicon Laboratories (SLAB.US)$'s main analysts recently are as follows:
The company's guidance for December was below expectations due to continued weak demand in end markets and persistent inventory levels. The company's recovery has faced another setback, casting doubt on its profitability outlook for 2025.
Despite a reduction in estimates subsequent to the Q3 report and Q4 forecasts, it is believed that the company is still on track for significant growth in the year 2025. The company is recognized as a leading entity within the IoT ecosystem.
Silicon Labs posted Q2 results that matched forecasts and projected Q3 outcomes to be consistent with the previous quarter, which falls significantly short of the anticipated 13% sequential growth. This outlook is due to a widening softness in the Industrial IoT sector, which overshadows the ongoing robustness and recuperation in the Home & Life segment.
Here are the latest investment ratings and price targets for $Silicon Laboratories (SLAB.US)$ from 4 analysts:
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
