Rosenblatt analyst Blair Abernethy lowered the firm’s price target on Silvaco to $18 from $26 and keeps a Buy rating on the shares. The firm updated the company’s forecasts to include the slipped $5M deal in Q3 and the weaker expected bookings contribution in the China market for fiscal 2024. It expects some of the bookings weakness in China to carry through in fiscal 2025.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SVCO:
- Silvaco price target lowered to $17 from $25 at Craig-Hallum
- Silvaco price target lowered to $20 from $23 at TD Cowen
- Closing Bell Movers: J.B. Hunt up 7% after Q3 earnings beat
- Silvaco reports preliminary Q3 revenue $11M, consensus $16.08M
- Silvaco cuts FY24 revenue view to $60M-$63M from $63M-$66M, consensus $64.54M