Silicom (SILC) Price Target Lifted at Needham & Company
Get Alerts SILC Hot Sheet
Price: $15.13 -2.32%
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
Rating Summary:
2 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 11 | New: 11
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Needham & Company analyst Alex Henderson reiterated a Buy rating and lifted his price target on Silicom Ltd. (NASDAQ: SILC) from $68 to $72 saying strong fundamentals persist.
Henderson said, "Solid growth in appliance market suggests another strong quarter at Silicom. Recent correction in stock looks overdone, creating what we believe is a solid entry point. Silicom is expected to report on April 24th. We are reiterating our Buy rating and raising our target price to $72 from $68 to reflect the positive near- and long-term outlook."
For an analyst ratings summary and ratings history on Silicom Ltd. click here. For more ratings news on Silicom Ltd. click here.
Shares of Silicom Ltd. closed at $58.85 yesterday.
Henderson said, "Solid growth in appliance market suggests another strong quarter at Silicom. Recent correction in stock looks overdone, creating what we believe is a solid entry point. Silicom is expected to report on April 24th. We are reiterating our Buy rating and raising our target price to $72 from $68 to reflect the positive near- and long-term outlook."
For an analyst ratings summary and ratings history on Silicom Ltd. click here. For more ratings news on Silicom Ltd. click here.
Shares of Silicom Ltd. closed at $58.85 yesterday.
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