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Analysts Offer Insights on Technology Companies: Silicon Motion (SIMO) and Verra Mobility (VRRM)

Tipranks - Tipranks - Thu May 28, 4:44PM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Silicon Motion (SIMO) and Verra Mobility (VRRM).

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Silicon Motion (SIMO)

In a report released today, Simon Woo from Bank of America Securities reiterated a Buy rating on Silicon Motion, with a price target of $450.00. The company’s shares closed last Wednesday at $284.98.

Woo has an average return of 57.9% when recommending Silicon Motion. ;'>

According to TipRanks.com, Woo is ranked #1830 out of 12270 analysts.

Silicon Motion has an analyst consensus of Strong Buy, with a price target consensus of $281.88, representing a -2.1% downside. In a report issued on May 19, William Blair also maintained a Buy rating on the stock.

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Verra Mobility (VRRM)

Morgan Stanley analyst James Faucette maintained a Hold rating on Verra Mobility today and set a price target of $4.00. The company’s shares closed last Wednesday at $3.85.

According to TipRanks.com, Faucette is a 4-star analyst with an average return of 2.5% and a 58.4% success rate. Faucette covers the Technology sector, focusing on stocks such as Circle Internet Group, Inc. Class A, Kyndryl Holdings Incorporation, and Broadridge Financial Solutions. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Verra Mobility with a $7.25 average price target, implying a 31.6% upside from current levels. In a report released today, TipRanks – PerPlexity also downgraded the stock to Hold with a $14.50 price target.

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