Stifel lowered the firm’s price target on Silicon Labs (SLAB) to $135 from $160 and keeps a Buy rating on the shares. Although the firm is lowering estimates following the Q3 report and Q4 guidance, it believes the company remains poised for meaningful year-over-year growth in calendar 2025 and continues to view Silicon Labs as “an industry leader within the IoT ecosystem,” the analyst tells investors.
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