In a report released yesterday, Joseph Moore from Morgan Stanley maintained a Hold rating on Silicon Laboratories (SLAB – Research Report), with a price target of $141.00.
Joseph Moore has given his Hold rating due to a combination of factors related to Silicon Laboratories’ current position and future prospects. The company has a strong focus on the wireless IoT market, which is experiencing rapid growth. However, despite the promising outlook, the long-term model remains largely unchanged, with anticipated improvements in margins.
Silicon Laboratories is well-positioned in several growing markets, such as smart home and industrial applications, with significant opportunities in areas like continuous glucose monitoring and smart metering. While these growth vectors are promising, the company’s strategy and market conditions suggest a balanced approach, leading to the Hold rating. The anticipated growth in market share and revenue, while positive, does not currently warrant a more aggressive rating like Buy.
Moore covers the Technology sector, focusing on stocks such as Broadcom, Nvidia, and Western Digital. According to TipRanks, Moore has an average return of 11.0% and a 53.17% success rate on recommended stocks.
In another report released today, Barclays also maintained a Hold rating on the stock with a $120.00 price target.