4 Analysts Assess Silicon Laboratories: What You Need To Know
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Silicon Laboratories (NASDAQ:SLAB), showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target for SLAB has been raised to $146.25, indicating a 21.54% increase from the previous target. Analysts from JP Morgan, Barclays, and Stifel have raised their price targets, reflecting optimism about the company's future performance despite a -24.48% decline in revenue growth and a market capitalization below industry benchmarks. SLAB's net margin and ROE outperform industry standards, suggesting efficient cost management and financial health.
February 08, 2024 | 12:00 pm
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SLAB's average 12-month price target has been raised to $146.25 by analysts, reflecting a positive outlook despite recent revenue decline and market capitalization concerns.
The increase in the average 12-month price target for SLAB, despite a significant revenue decline, suggests analysts see potential for recovery and growth. The positive adjustments in price targets by reputable firms like JP Morgan, Barclays, and Stifel indicate a bullish sentiment towards the stock. However, the recent negative revenue trend and below-average market capitalization highlight potential risks. The strong net margin and ROE are key factors that may mitigate these risks, suggesting efficient cost management and financial health that could support the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100