Is Silicon Motion Technology Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: SIMO) stock is to Strong Buy SIMO stock.
Out of 2 analysts, 1 (50%) are recommending SIMO as a Strong Buy, 1 (50%) are recommending SIMO as a Buy, 0 (0%) are recommending SIMO as a Hold, 0 (0%) are recommending SIMO as a Sell, and 0 (0%) are recommending SIMO as a Strong Sell.
According to 1 Wall Street analyst that have issued a 1 year SIMO price target, the average SIMO price target is $85.00, with the highest SIMO stock price forecast at $85.00 and the lowest SIMO stock price forecast at $85.00.
The Wall Street analyst predicted that Silicon Motion Technology's share price could reach $85.00 by Feb 8, 2024. The average Silicon Motion Technology stock price prediction forecasts a potential upside of 31.64% from the current SIMO share price of $64.57.
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