10 Oversold Software Stocks to Buy According to Analysts

5) Silvaco Group, Inc. (NASDAQ:SVCO)

% Decline Over Past 6 Months: ~56.2%

Average Upside Potential: ~124.1%

Number of Hedge Fund Holders: 12

Silvaco Group, Inc. (NASDAQ:SVCO) offers technology computer-aided design (TCAD) software, electronic design automation (EDA) software, and semiconductor intellectual property (SIP) solutions. Krish Sankar from TD Cowen maintained a “Buy” rating on the company’s stock, providing a price target of $15.00. The analyst’s rating was backed by a combination of factors influencing Silvaco Group, Inc. (NASDAQ:SVCO)’s financial outlook. As per the analyst, the company has demonstrated promising signs with a rise in bookings, hinting at a positive growth trajectory.

The company has managed to expand its customer base, adding fresh clients which contributes to a strong increase in bookings. Moving forward, the analyst expects continued revenue growth in 2025, courtesy of strategic orders. Silvaco Group, Inc. (NASDAQ:SVCO) closed 2024 with strong results for bookings and revenue, fueled by sustained demand for its digital twin modeling platform and growth in key semiconductor markets.

Silvaco Group, Inc. (NASDAQ:SVCO) also announced a partnership with Micon Global to expand its reach across the EMEA market, leveraging Micon’s expertise to deliver cutting-edge TCAD, EDA, and SIP solutions. With the growth of AI, 5G, automotive, and IoT applications, there is a need for power-efficient semiconductor designs. Silvaco Group, Inc. (NASDAQ:SVCO)’s EDA tools and TCAD solutions support chipmakers in developing and optimizing next-gen chips.