Silicom (SILC) Price Target Lifted at Needham & Company

Needham & Company analyst Alex Henderson reiterated a Buy rating and lifted his price target on Silicom Ltd. (NASDAQ: SILC) from $68 to $72 saying strong fundamentals persist.

Henderson said, "Solid growth in appliance market suggests another strong quarter at Silicom. Recent correction in stock looks overdone, creating what we believe is a solid entry point. Silicom is expected to report on April 24th. We are reiterating our Buy rating and raising our target price to $72 from $68 to reflect the positive near- and long-term outlook."

For an analyst ratings summary and ratings history on Silicom Ltd. click here. For more ratings news on Silicom Ltd. click here.

Shares of Silicom Ltd. closed at $58.85 yesterday.

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