Wedbush Reiterates Outperform on Silicon Motion Technology, Maintains $85 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Matt Bryson reiterated an Outperform rating on Silicon Motion Technology (SIMO) and maintained an $85 price target.

February 08, 2024 | 1:40 pm
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Wedbush analyst Matt Bryson reiterated an Outperform rating on Silicon Motion Technology and maintained an $85 price target.
The reiteration of an Outperform rating and maintenance of an $85 price target by a reputable analyst like Matt Bryson from Wedbush is likely to instill confidence among investors and could positively influence Silicon Motion Technology's stock price in the short term. Analyst ratings, especially from well-regarded financial institutions, can significantly impact investor sentiment and stock prices.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100