Wedbush Maintains Outperform on Silicon Motion Technology, Lowers Price Target to $85
Portfolio Pulse from jenniferd'souza@benzinga.com
Wedbush analyst Matt Bryson maintains an Outperform rating on Silicon Motion Technology (NASDAQ:SIMO) but lowers the price target from $104 to $85.

July 28, 2023 | 4:44 pm
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Wedbush analyst maintains Outperform rating on Silicon Motion Technology but lowers the price target from $104 to $85.
The news is directly about Silicon Motion Technology. The Outperform rating is maintained which indicates a positive outlook for the company. However, the lowering of the price target might indicate a slower growth than previously expected, which could have a neutral impact on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100