Wedbush Reiterates Outperform on Silicon Motion Technology, Maintains $104 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Matt Bryson has reiterated an Outperform rating on Silicon Motion Technology (NASDAQ:SIMO) and maintained a $104 price target.
July 27, 2023 | 12:30 pm
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Wedbush analyst has reiterated an Outperform rating on Silicon Motion Technology and maintained a $104 price target.
The reiteration of an Outperform rating by a reputable analyst like Matt Bryson from Wedbush is a positive signal for Silicon Motion Technology. The maintained price target of $104 also indicates confidence in the company's performance. This could potentially lead to an increase in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100