The latest price target for Silicon Motion Technology (NASDAQ:SIMO) was reported by Needham on July 8, 2024. The analyst firm set a price target for $94.00 expecting SIMO to rise to within 12 months (a possible 33.90% upside). 21 analyst firms have reported ratings in the last year.

The latest analyst rating for Silicon Motion Technology (NASDAQ:SIMO) was provided by Needham, and Silicon Motion Technology maintained their buy rating.

The last upgrade for Silicon Motion Technology Corp happened on May 6, 2024 when Morgan Stanley raised their price target to $88. Morgan Stanley previously had an equal-weight for Silicon Motion Technology Corp.

The last downgrade for Silicon Motion Technology Corp happened on May 6, 2022 when Needham changed their price target from N/A to N/A for Silicon Motion Technology Corp.

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Silicon Motion Technology, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Silicon Motion Technology was filed on July 8, 2024 so you should expect the next rating to be made available sometime around July 8, 2025.

While ratings are subjective and will change, the latest Silicon Motion Technology (SIMO) rating was a maintained with a price target of $85.00 to $94.00. The current price Silicon Motion Technology (SIMO) is trading at is $70.20, which is out of the analyst’s predicted range.