Needham Maintains Buy on Silicon Motion Technology, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on Silicon Motion Technology (SIMO) and raises the price target from $75 to $85.
April 10, 2024 | 9:45 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham analyst Quinn Bolton reaffirms a Buy rating on Silicon Motion Technology and increases the price target to $85.
The upgrade in price target by a reputable analyst like Quinn Bolton suggests a positive outlook on the company's future performance. This typically leads to increased investor confidence and can drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100