In a report released today, Charles Shi from Needham maintained a Buy rating on Silvaco Group, Inc., with a price target of $10.00.
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Charles Shi has given his Buy rating due to a combination of factors that suggest a positive outlook for Silvaco Group, Inc. Despite a recent quarterly performance that fell short of expectations, the company has maintained its fiscal year 2025 guidance. This indicates confidence in a robust fourth quarter, driven by significant contract renewals and seasonal factors that are expected to boost revenue.
Furthermore, management anticipates an expansion in gross margins as revenues grow, with the recent acquisition of Mixel expected to positively impact the company’s financials in the fourth quarter of 2025. Although there are short-term challenges, Shi believes that Silvaco will enhance its profitability by 2026 as the costs associated with recent acquisitions decrease. These factors collectively support the Buy rating and a price target of $10.
According to TipRanks, Shi is a 3-star analyst with an average return of 3.2% and a 47.37% success rate. Shi covers the Technology sector, focusing on stocks such as Cadence Design, Camtek, and Entegris.
In another report released today, Rosenblatt Securities also maintained a Buy rating on the stock with a $12.00 price target.