B. Riley Securities Maintains Buy on Silicon Motion Technology, Raises Price Target to $101
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis has maintained a Buy rating on Silicon Motion Technology (SIMO) and increased the price target from $93 to $101.
April 10, 2024 | 5:24 pm
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POSITIVE IMPACT
B. Riley Securities maintains a Buy rating on Silicon Motion Technology and raises the price target to $101.
The upgrade in the price target by a reputable analyst like Craig Ellis signals a strong confidence in Silicon Motion Technology's future performance. This is likely to positively influence investor sentiment and potentially increase the stock's price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100