Silicon Motion price target raised to $275 from $175 at Susquehanna

Susquehanna analyst Mehdi Hosseini raised the firm’s price target on Silicon Motion (SIMO) to $275 from $175 and keeps a Positive rating on the shares. The firm Increased estimates across the board as the company executes on the strategy of increasing market share while revenue diversification gaining traction into year end 2026 and into 2027. As such, they gained incremental confidence in a $10+ earning power with the updated estimates implying annualized EPS of $10.50 exiting 2026 and up to $12.30 by 4Q27.