J.P. Morgan analyst Peter Peng maintains $Silicon Laboratories (SLAB.US)$ with a buy rating, and adjusts the target price from $150 to $135.
According to TipRanks data, the analyst has a success rate of 20.0% and a total average return of -10.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Silicon Laboratories (SLAB.US)$'s main analysts recently are as follows:
The recovery from Silicon Labs' lows in Q4 of 2023 has been strong, but it has not met initial predictions. Despite a robust product pipeline suggesting potential recovery in the following year, the stock's valuation is still considered high in light of earnings challenges.
Silicon Labs' December forecast has been less than anticipated due to persistent weakness in end market demand and ongoing inventory issues. It has been noted that the company's progress towards recovery has experienced another setback, casting doubts on the achievement of profitability by 2025.
Despite lowering estimates subsequent to the Q3 report and Q4 projections, there is a belief that the company is set for significant year-over-year growth by calendar 2025. The company is still seen as 'an industry leader within the IoT ecosystem'.
Note:
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