JP Morgan Maintains Overweight on Silicon Laboratories, Raises Price Target to $165
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Peter Peng maintains an Overweight rating on Silicon Laboratories (NASDAQ:SLAB) and raises the price target from $145 to $165.
February 08, 2024 | 11:58 am
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JP Morgan analyst Peter Peng maintains an Overweight rating on Silicon Laboratories and raises the price target from $145 to $165.
The increase in price target by a reputable analyst like Peter Peng from JP Morgan is a strong positive signal for Silicon Laboratories. It suggests a bullish outlook on the company's future performance and potential for stock price appreciation. This kind of endorsement can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100