Silicon Laboratories Stock: A Deep Dive Into Analyst Perspectives (6 Ratings)
Portfolio Pulse from Benzinga Insights
Analysts have provided mixed reviews on Silicon Laboratories (NASDAQ:SLAB) over the past three months, with 6 ratings ranging from bullish to indifferent. The average 12-month price target is now $132.67, down from $153.20, with a high estimate of $170.00 and a low of $86.00. Analysts from firms like Stifel, JP Morgan, Morgan Stanley, and Keybanc have adjusted their ratings and price targets, reflecting changes in market conditions and company performance. Silicon Laboratories develops solutions for various markets and has a market cap below the industry average. It experienced a revenue decline of -24.48% as of September 30, 2023, but has strong net margin, ROE, and ROA figures, and a low debt-to-equity ratio.
January 02, 2024 | 8:01 pm
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NEUTRAL IMPACT
Analysts have mixed opinions on SLAB, with a reduced average price target of $132.67, indicating potential downside from previous expectations. The company's strong financial metrics may provide some support to the stock price.
The mixed analyst ratings and lowered price target suggest uncertainty, which could lead to a neutral short-term impact on SLAB's stock price. However, the company's strong financial performance metrics, such as net margin, ROE, and ROA, along with low debt, may mitigate negative sentiment and support the stock price.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100