Cowen analyst Matthew Ramsay raised the firm’s price target on Silicon Labs to $200 from $175 and keeps an Outperform rating on the shares. The analyst said its strong top and bottom line results are likely significantly better than feared given investor consternation on the fragmented and consumer-focused IoT end markets.
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on SLAB:
- Silicon Labs price target raised to $190 from $155 at Wells Fargo
- Silicon Labs upgraded to Buy on return to growth at Summit Insights
- Silicon Labs upgraded to Buy from Hold at Summit Insights
- Silicon Labs Reports Fourth Quarter and Full Year 2022 Results
- Silicon Labs sees Q1 non-GAAP EPS $1.07-$1.17, consensus 77c
