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Analysts Are Bullish on These Technology Stocks: Silicon Motion (SIMO), Lam Research (LRCX)

Tipranks - Tipranks - Wed Apr 29, 9:48AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on Silicon Motion (SIMO), Lam Research (LRCX) and Enphase Energy (ENPH) with bullish sentiments.

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Silicon Motion (SIMO)

In a report released today, Anthony Stoss from Craig-Hallum maintained a Buy rating on Silicon Motion. The company’s shares closed last Tuesday at $143.63.

According to TipRanks.com, Stoss is a 4-star analyst with an average return of 8.2% and a 49.3% success rate. Stoss covers the Technology sector, focusing on stocks such as indie Semiconductor, STMicroelectronics, and Skyworks Solutions. ;'>

Currently, the analyst consensus on Silicon Motion is a Strong Buy with an average price target of $157.40, a 9.6% upside from current levels. In a report issued on April 20, TipRanks – xAI also reiterated a Buy rating on the stock with a $155.00 price target.

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Lam Research (LRCX)

Bank of America Securities analyst Vivek Arya maintained a Buy rating on Lam Research today. The company’s shares closed last Tuesday at $244.89.

According to TipRanks.com, Arya is a top 100 analyst with an average return of 27.7% and a 64.0% success rate. Arya covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Advanced Micro Devices. ;'>

Lam Research has an analyst consensus of Strong Buy, with a price target consensus of $310.32, a 23.2% upside from current levels. In a report issued on April 13, Stifel Nicolaus also maintained a Buy rating on the stock with a $300.00 price target.

Enphase Energy (ENPH)

Craig-Hallum analyst Eric Stine maintained a Buy rating on Enphase Energy today. The company’s shares closed last Tuesday at $35.17.

According to TipRanks.com, Stine is a 5-star analyst with an average return of 18.5% and a 45.6% success rate. Stine covers the Industrial Goods sector, focusing on stocks such as Amprius Technologies Inc, American Superconductor, and PureCycle Technologies. ;'>

Enphase Energy has an analyst consensus of Moderate Buy, with a price target consensus of $44.04.

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