Silicon Labs price target raised to $160 from $144 at Stifel

Stifel analyst Tore Svanberg raised the firm’s price target on Silicon Labs (SLAB) to $160 from $144 and keeps a Buy rating on the shares. The inventory correction in the broader semiconductor industry over the past two years appears to have bottomed and a cyclical recovery is now likely underway, but the pace of the recovery remains uncertain, the analyst tells investors in an earnings preview for the group. The firm continues to recommend an Overweight position in AI-related semiconductor stocks, noting that its covered group of AI-focused companies is expected to deliver median revenue growth of 32% in 2025 and 17% in 2026.