JP Morgan Maintains Overweight on Silicon Motion Technology, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Gokul Hariharan maintains an Overweight rating on Silicon Motion Technology (SIMO) and raises the price target from $77 to $85.
February 08, 2024 | 9:35 pm
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JP Morgan has maintained an Overweight rating on Silicon Motion Technology and increased the price target from $77 to $85.
An upgrade in the price target by a reputable financial institution like JP Morgan typically signals a positive outlook on the stock, suggesting potential upside. This is likely to influence investor sentiment positively in the short term, potentially leading to an increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100