Silvaco Group’s (SVCO) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Silvaco Group (NASDAQ:SVCO) in a report published on Friday, Benzinga reports. They currently have a $28.00 target price on the stock.

Several other equities research analysts have also recently issued reports on SVCO. B. Riley initiated coverage on shares of Silvaco Group in a research report on Wednesday, June 5th. They issued a buy rating and a $26.00 price objective for the company. TD Cowen initiated coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They issued a buy rating and a $23.00 price objective for the company. Craig Hallum initiated coverage on shares of Silvaco Group in a research report on Tuesday, June 4th. They issued a buy rating and a $25.00 price objective for the company. Jefferies Financial Group initiated coverage on shares of Silvaco Group in a research report on Monday, June 3rd. They issued a buy rating and a $25.00 price objective for the company. Finally, Rosenblatt Securities reissued a buy rating and issued a $26.00 price objective on shares of Silvaco Group in a research report on Friday. Six research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has a consensus rating of Buy and an average target price of $25.83.

Silvaco Group Price Performance

SVCO stock opened at $17.29 on Friday. Silvaco Group has a 12 month low of $15.81 and a 12 month high of $21.59.

Silvaco Group Company Profile

Silvaco Group Inc is a provider of TCAD, EDA software and SIP solutions which enable semiconductor design and AI through software and innovation. The company’s solutions are used for process and device development across display, power devices, automotive, memory, high performance compute, photonics, internet of things and 5G/6G mobile markets for complex SoC design.