Stifel Nicolaus Reaffirms Their Buy Rating on Silicon Laboratories (SLAB)
Stifel Nicolaus analyst Tore Svanberg maintained a Buy rating on Silicon Laboratories (SLAB – Research Report) today and set a price target of $144.00. The company’s shares closed yesterday at $125.33.
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Svanberg covers the Technology sector, focusing on stocks such as Marvell, Semtech, and Credo Technology Group Holding Ltd. According to TipRanks, Svanberg has an average return of 15.0% and a 57.66% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Silicon Laboratories with a $140.56 average price target, which is a 12.15% upside from current levels. In a report released on May 27, Benchmark Co. also reiterated a Buy rating on the stock with a $160.00 price target.
The company has a one-year high of $160.00 and a one-year low of $82.82. Currently, Silicon Laboratories has an average volume of 415.9K.
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