J.P. Morgan analyst Peter Peng maintains $Silicon Laboratories (SLAB.US)$ with a buy rating, and adjusts the target price from $150 to $135.
According to TipRanks data, the analyst has a success rate of 20.0% and a total average return of -10.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Silicon Laboratories (SLAB.US)$'s main analysts recently are as follows:
The recovery from Silicon Labs' lows in Q4 of 2023 has been strong, but it has not met initial predictions. Despite a robust product pipeline suggesting potential recovery in the following year, the stock's valuation is still considered high in light of earnings challenges.
Silicon Labs' December forecast has been less than anticipated due to persistent weakness in end market demand and ongoing inventory issues. It has been noted that the company's progress towards recovery has experienced another setback, casting doubts on the achievement of profitability by 2025.
Despite lowering estimates subsequent to the Q3 report and Q4 projections, there is a belief that the company is set for significant year-over-year growth by calendar 2025. The company is still seen as 'an industry leader within the IoT ecosystem'.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
