B. Riley Securities Reiterates Buy on Silicon Motion Technology, Raises Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis has reiterated a Buy rating on Silicon Motion Technology (SIMO) and increased the price target from $90 to $93.
March 15, 2024 | 4:05 pm
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B. Riley Securities has reiterated a Buy rating on Silicon Motion Technology and raised the price target from $90 to $93.
The reiteration of a Buy rating combined with an increased price target typically signals analyst confidence in the company's future performance, potentially leading to positive investor sentiment and a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100