Where Silicon Laboratories Stands With Analysts
Portfolio Pulse from Benzinga Insights
Analysts have provided ratings for Silicon Laboratories (NASDAQ:SLAB) with 1 bullish, 2 somewhat bullish, and 2 indifferent ratings in the last quarter. The average price target is $128.2, representing an upside from the current price of $117.67. This is an 18.6% decrease from the previous average price target of $157.50. Analysts typically review stocks once a quarter and provide forecasts on earnings, revenue, and growth, although their predictions are not infallible.
December 08, 2023 | 3:00 pm
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POSITIVE IMPACT
Silicon Laboratories received mixed analyst ratings with a new average price target of $128.2, suggesting an upside from the current price but a decrease from the previous target.
The new average price target suggests that analysts see potential for growth in SLAB's stock price, which could lead to a positive short-term impact. However, the decrease from the previous target may temper expectations. The ratings are mixed but lean more towards a positive outlook, which is why the score is positive. The relevance is 100 as the article is directly about SLAB's analyst ratings. The importance is set at 75 because analyst ratings can significantly influence investor sentiment and stock price, but they are not the only factor. The confidence level is at 90, acknowledging the inherent uncertainty in market reactions to analyst ratings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100