Wedbush Maintains Outperform on Silicon Motion Technology, Raises Price Target to $104
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Matt Bryson maintains an Outperform rating on Silicon Motion Technology (NASDAQ:SIMO) and raises the price target from $103 to $104.
May 19, 2023 | 11:51 am
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Wedbush analyst Matt Bryson maintains an Outperform rating on Silicon Motion Technology and raises the price target from $103 to $104.
The news of Wedbush maintaining an Outperform rating and raising the price target for Silicon Motion Technology (SIMO) is positive for the stock. This indicates that the analyst has a positive outlook on the company's performance and expects the stock price to rise in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100