Craig-Hallum analyst Anthony Stoss raised the firm’s price target on Silicon Motion (SIMO) to $100 from $70 and keeps a Buy rating on the shares. The firm notes the company is seeing strong demand for its new enterprise controllers and will begin to ship to its first enterprise revenue in Q4 2025. Silicon Motion has design wins with six customers including two Tier-1s with many others waiting in line. Craig-Hallum believes the company will catch up with this demand to onboard additional customers and this new revenue will have a significant ramp throughout 2026.
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Read More on SIMO:
- Silicon Motion price target raised to $95 from $90 at Susquehanna
- Silicon Motion Reports Q2 2025 Financial Results
- Silicon Motion’s Market Growth and Strategic Advancements Justify Buy Rating
- Silicon Motion reports Q2 adjusted EPS 69c, consensus 53c
- Silicon Motion sees Q3 revenue $219M-$228M, consensus $218.3M