
Pixelworks (PXLW) Stock Forecast & Price Target
Pixelworks (PXLW) Analyst Ratings
Bulls say
Pixelworks Inc. demonstrates strong growth potential, with mobile revenue surging 44% quarter-over-quarter and projected to increase by 50% year-over-year in CY24, fueled by the adoption of higher average selling price visual processing units (VPUs). The company's gross margin guidance reflects a significant improvement, boosting expectations by over 700 basis points quarter-over-quarter mainly due to an enhanced mobile product mix. As attach rates for mobile products continue to exceed previous forecasts and recovery in handset units aligns with bullish assumptions, the overall outlook for Pixelworks appears increasingly favorable.
Bears say
Pixelworks Inc. is experiencing pressures that contribute to a negative outlook, primarily driven by declining revenue expectations in key segments, including Mobile, which is projected to decrease by 28% quarter-over-quarter in 1Q24. The company's reliance on the Home and Enterprise segment, particularly its projector business, poses further risks, as a steeper decline in this area could adversely affect overall sales and margin profiles. Additionally, macroeconomic conditions reflected in Gartner's revised mobile phone unit shipment estimates indicate a broader market contraction, further complicating Pixelworks's growth trajectory moving forward.
This aggregate rating is based on analysts' research of Pixelworks and is not a guaranteed prediction by Public.com or investment advice.
Pixelworks (PXLW) Analyst Forecast & Price Prediction
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