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Craig-Hallum Raises Silicon Motion (SIMO) Price Target to $160, Keeps Buy
Craig-Hallum Raises Silicon Motion (SIMO) Price Target to $160, Keeps Buy
Sajjl Nooranne
Sun, February 22, 2026 at 9:28 PM GMT+9 1 min read
In this article:
SIMO
+1.94%
We recently published an article titled 12 Best Data Storage Stocks to Buy Right Now.
On February 5, Craig-Hallum raised its price target on Silicon Motion Technology Corporation (NASDAQ:SIMO) to $160 from $120 and maintained a Buy rating, citing market share gains and rising average selling prices amid sustained demand for its NAND flash controllers. While management expects near-term gross margin pressure in the March quarter due to rising memory costs, margins are projected to recover toward the 48%–50% range in subsequent quarters.
The previous day, Roth Capital raised its price target on Silicon Motion Technology Corporation (NASDAQ:SIMO) to $140 from $120 and reiterated a Buy rating following solid fourth-quarter revenue growth and first-quarter guidance that exceeded consensus expectations. Management anticipates sequential growth throughout the year, supported by continued share gains in smartphones and notebooks. Expanding market share, improving pricing dynamics, and a path toward margin normalization strengthen the company’s earnings outlook and reinforce the long-term growth thesis.
Silicon Motion Technology Corporation (NASDAQ:SIMO) develops and markets NAND flash controllers for solid-state storage devices, as well as SSD, microSD, and embedded storage solutions, serving global consumer and enterprise markets.
While we acknowledge the potential of SIMO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: 8 Up and Coming Streaming Companies and Services and 11 Best Canadian Growth Stocks to Buy According to Hedge Funds.
Disclosure: None.
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