There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Power Integrations (POWI – Research Report) and Silicon Motion (SIMO – Research Report) with bullish sentiments.
Power Integrations (POWI)
Benchmark Co. analyst David Williams reiterated a Buy rating on Power Integrations today and set a price target of $95.00. The company’s shares closed last Tuesday at $86.15.
According to TipRanks.com, Williams is a 4-star analyst with an average return of 10.1% and a 59.5% success rate. Williams covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Rigetti Computing, and One Stop Systems.
Currently, the analyst consensus on Power Integrations is a Moderate Buy with an average price target of $86.00, implying a 2.4% upside from current levels. In a report issued on January 24, Susquehanna also maintained a Buy rating on the stock with a $100.00 price target.
Silicon Motion (SIMO)
In a report released today, Rajvindra Gill from Needham maintained a Buy rating on Silicon Motion, with a price target of $85.00. The company’s shares closed last Tuesday at $66.32.
According to TipRanks.com, Gill is a 5-star analyst with an average return of 11.7% and a 62.5% success rate. Gill covers the Technology sector, focusing on stocks such as Mobileye Global, Inc. Class A, Sequans Communications S A, and Everspin Technologies.
Silicon Motion has an analyst consensus of Moderate Buy, with a price target consensus of $97.50.
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