Susquehanna Maintains Positive on Silicon Motion Technology, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Mehdi Hosseini has maintained a Positive rating on Silicon Motion Technology (SIMO) and increased the price target from $100 to $110.
May 06, 2024 | 12:26 pm
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POSITIVE IMPACT
Susquehanna has maintained a Positive rating on Silicon Motion Technology and raised the price target from $100 to $110.
The upgrade in the price target by a reputable analyst like Mehdi Hosseini from Susquehanna is a strong positive signal for Silicon Motion Technology. It suggests confidence in the company's future performance and growth prospects, likely leading to increased investor interest and potentially a rise in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100