Barclays analyst Tom O’Malley has revised the price target for Silicon Labs (SLAB, Financial), reducing it from $120 to $80. The decision comes as the firm reassesses its models for the semiconductor and semiconductor capital equipment sectors, considering potential impacts from tariffs and ongoing trade tensions.
The updated outlook reflects an adjustment in target multiples due to perceived risks associated with China and the consumer market. Despite the lowered price target, Barclays maintains an Equal Weight rating for SLAB shares, suggesting a balanced outlook as the company approaches its first-quarter earnings report.
