B. Riley raised the firm’s price target on Silicon Motion (SIMO) to $90 from $75 and keeps a Buy rating on the shares. The deeper Nvidia (NVDA) Bluefield data processing unit win and Nintendo (NTDOY) Switch 2 consumer product cycle frames longer-term win implications for Silicon Motion, the analyst tells investors in a research note. This, plus on-track PCIe Gen5 PC/Notebook SAM and share expansion to 50%+ with 8- and 4-channel parts, plus similar from UFS 4.0 for smartphones, suggests the potential overall impact could lift calendar 2026 and 2027 EPS toward $5.25+ and $6.50+, the firm says.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SIMO:
- Silicon Motion price target raised to $75 from $70 at B. Riley
- Simon Woo Maintains Neutral Rating on Silicon Motion Amid Mixed Financial Performance and Demand Risks
- Silicon Motion Reports Q1 2025 Financial Results
- Silicon Motion’s Earnings Call Highlights Strategic Wins
- Positive Outlook for Silicon Motion Technology Corporation Driven by Strategic Wins and Market Expansion