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Analysts Offer Insights on Technology Companies: Silicon Motion (SIMO) and Apple (AAPL)

Tipranks - Tipranks - Fri Jun 26, 4:52PM CDT

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

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Silicon Motion (SIMO)

Craig-Hallum analyst Anthony Stoss maintained a Buy rating on Silicon Motion today. The company’s shares closed last Thursday at $325.26.

According to TipRanks.com, Stoss is a 5-star analyst with an average return of 15.3% and a 51.0% success rate. Stoss covers the Technology sector, focusing on stocks such as indie Semiconductor, STMicroelectronics, and Skyworks Solutions. ;'>

Silicon Motion has an analyst consensus of Strong Buy, with a price target consensus of $310.71, representing a -9.9% downside. In a report issued on June 10, TipRanks – PerPlexity also reiterated a Buy rating on the stock with a $293.00 price target.

See today’s best-performing stocks on TipRanks >>

Apple (AAPL)

J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Apple today and set a price target of $325.00. The company’s shares closed last Thursday at $275.15.

According to TipRanks.com, Chatterjee is a top 25 analyst with an average return of 55.1% and a 73.9% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Hewlett Packard Enterprise, and Keysight Technologies. ;'>

Apple has an analyst consensus of Moderate Buy, with a price target consensus of $324.40, representing a 12.9% upside. In a report issued on June 15, Citi also maintained a Buy rating on the stock with a $315.00 price target.

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