Roth MKM Reiterates Neutral on Silicon Motion Technology, Maintains $60 Price Target
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva has reiterated a Neutral rating on Silicon Motion Technology (NASDAQ:SIMO) and maintained a $60 price target.
September 06, 2023 | 3:48 pm
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NEUTRAL IMPACT
Silicon Motion Technology's stock rating has been reiterated as Neutral by Roth MKM, with a maintained price target of $60.
The reiteration of a Neutral rating indicates that the analyst believes the stock will perform in line with the market average. This is neither a negative nor a positive signal for investors, hence the neutral score. The maintained price target suggests that the analyst sees no new significant factors that could drive the stock price significantly up or down in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100