Silicon Laboratories Poised for Growth, Eyeing Strong IoT Expansion: Analyst
Analyst upgrades Silicon Labs, citing favorable position in semiconductor cyclical recovery and improving end market demand. $150 price target.
Silicon Labs ‘Still In Early Stages Of Recovery,’ CEO Says Citing Sharp Revenue Drop
Silicon Laboratories reported fiscal first-quarter 2024 sales of $106.4 million, down 56.9% year-over-year.
Shock For ChargePoint – Analyst Downgrades Amid Sluggish EV Market And Rising Competition
Goldman Sachs analyst downgrades CHPT to Sell, citing slower EV sales and increasing competition. Delaney lowers price target to $1.50.
Lighting Company Acuity Brands’ Q2 Sales Dip But Profits and Margins Rise
Acuity Brands reported a Q2 net sales decline of 4.0%, but beat EPS expectations. Sales for ABL decreased while ISG saw an increase. Adjusted operating margin and cash flow grew. Stock price has risen 43% in past year. Can be invested in through QCLN and SIMS.