Wedbush Reiterates Outperform on Silicon Motion Technology, Maintains $85 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 an $85 price target.
August 17, 2023 | 12:37 pm
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Wedbush analyst has reiterated an 'Outperform' rating on Silicon Motion Technology and maintained an $85 price target, indicating a positive outlook for the company.
The reiteration of an 'Outperform' rating by a reputable analyst indicates a positive outlook for the company. The maintained price target of $85 suggests that the analyst believes the stock is still undervalued, which could lead to an increase in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100