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 (NASDAQ:SIMO) and maintained an $85 price target.
April 10, 2024 | 5:10 pm
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Wedbush analyst Matt Bryson reaffirmed an Outperform rating on Silicon Motion Technology, with a price target of $85.
The reiteration of an Outperform rating and the maintenance of an $85 price target by a reputable analyst like Matt Bryson from Wedbush could instill confidence among investors and potentially lead to a positive short-term impact on SIMO's stock price. Analyst ratings, especially those that are positive, can influence market perception and investor sentiment towards a stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100