Silicon Laboratories ( (SLAB) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
Silicon Laboratories’ stock is on the rise due to strong secular growth prospects, despite Stifel lowering its price target from $145 to $135, reflecting the challenges in the Analog, Connectivity, and Processors sector. The firm still recommends buying the shares, underscoring confidence in the company’s future performance.
More about Silicon Laboratories
YTD Price Performance: 2.09%
Average Trading Volume: 280,229
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $4.14B
For further insights into SLAB stock on TipRanks’ Stock Analysis page.
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