Analysts Offer Insights on Technology Companies: ACM Research (ACMR), SPS Commerce (SPSC) and Silicon Motion (SIMO)

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on ACM Research (ACMR – Research Report), SPS Commerce (SPSC – Research Report) and Silicon Motion (SIMO – Research Report) with bullish sentiments.

ACM Research (ACMR)

Craig-Hallum analyst Christian Schwab maintained a Buy rating on ACM Research today. The company’s shares closed last Thursday at $28.29.

According to TipRanks.com, Schwab is a 5-star analyst with an average return of 15.6% and a 57.6% success rate. Schwab covers the Technology sector, focusing on stocks such as NEXTracker, Inc. Class A, Advanced Micro Devices, and Axcelis Technologies.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for ACM Research with a $37.75 average price target, which is a 38.4% upside from current levels. In a report released today, Benchmark Co. also maintained a Buy rating on the stock with a $38.00 price target.

See today’s best-performing stocks on TipRanks >>

SPS Commerce (SPSC)

Craig-Hallum analyst Jeff Van Rhee maintained a Buy rating on SPS Commerce today and set a price target of $210.00. The company’s shares closed last Thursday at $169.43.

According to TipRanks.com, Rhee is a 4-star analyst with an average return of 6.8% and a 45.1% success rate. Rhee covers the Technology sector, focusing on stocks such as Intellicheck Mobilisia, BlackSky Technology, and Alkami Technology.

Currently, the analyst consensus on SPS Commerce is a Strong Buy with an average price target of $202.00, representing a 20.2% upside. In a report released today, Needham also maintained a Buy rating on the stock with a $205.00 price target.

Silicon Motion (SIMO)

Craig-Hallum analyst Anthony Stoss maintained a Buy rating on Silicon Motion today. The company’s shares closed last Thursday at $72.93.

According to TipRanks.com, Stoss is a 5-star analyst with an average return of 8.1% and a 54.5% success rate. Stoss covers the Technology sector, focusing on stocks such as Akoustis Technologies, indie Semiconductor, and Skyworks Solutions.

Currently, the analyst consensus on Silicon Motion is a Strong Buy with an average price target of $90.20.

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Read More on ACMR:

• ACM Research Announces Preliminary Unaudited Revenue and Shipments for the First Quarter 2024
• ACM Research to Release First Quarter 2024 Preliminary Revenue Range on April 26, 2024 and Full Financial Results on May 8, 2024
• 5 Best Technology Stocks to Buy in April 2024, According to Analysts
• ACM Research files to sell Class A common stock for holders, no amount given
• ACM Research files automatic mixed securities shelf