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.
May 03, 2024 | 2:48 pm
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Wedbush analyst Matt Bryson reiterated an Outperform rating on Silicon Motion Technology and maintained an $85 price target.
The reiteration of an Outperform rating and maintenance of an $85 price target by a reputable analyst like Matt Bryson from Wedbush is likely to instill confidence among investors and could positively influence Silicon Motion Technology's stock price in the short term. The specific mention of the company and the reaffirmation of a high price target suggest a strong bullish outlook on the stock.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100