Needham Maintains Buy on Silicom, Lowers Price Target to $22
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson maintains a Buy rating on Silicom (NASDAQ:SILC) but has lowered the price target from $28 to $22.
October 27, 2023 | 11:16 am
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Needham has maintained a Buy rating on Silicom but lowered the price target from $28 to $22.
The news is directly related to Silicom. While the maintained Buy rating is positive, the lowered price target could have a neutral to slightly negative impact on the stock in the short term as it indicates a lower future valuation.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100