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Analysts Offer Insights on Technology Companies: Silicon Motion (SIMO) and Amplitude (AMPL)

Tipranks - Tue Apr 7, 7:14AM CDT

There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Silicon Motion (SIMO) and Amplitude (AMPL) with bullish sentiments.

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Silicon Motion (SIMO)

Needham analyst Neil Young CFA maintained a Buy rating on Silicon Motion today and set a price target of $155.00. The company’s shares closed last Thursday at $113.90.

According to TipRanks.com, CFA is ranked #9118 out of 12128 analysts.

Silicon Motion has an analyst consensus of Strong Buy, with a price target consensus of $152.83, which is a 38.1% upside from current levels. In a report issued on March 27, TipRanks – xAI also reiterated a Buy rating on the stock with a $123.00 price target.

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Amplitude (AMPL)

Needham analyst Scott Berg maintained a Buy rating on Amplitude today and set a price target of $18.00. The company’s shares closed last Thursday at $6.84.

According to TipRanks.com, Berg has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -8.4% and a 36.5% success rate. Berg covers the Technology sector, focusing on stocks such as Via Transportation, Inc. Class A, ServiceTitan, Inc. Class A, and Zeta Global Holdings Corp. ;'>

Currently, the analyst consensus on Amplitude is a Strong Buy with an average price target of $12.78.

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