Craig-Hallum Maintains Buy on Silicon Motion Technology, Raises Price Target to $96
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss maintains a Buy rating on Silicon Motion Technology (NASDAQ:SIMO) and raises the price target from $80 to $96.
May 06, 2024 | 4:44 pm
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Craig-Hallum analyst Anthony Stoss maintains a Buy rating on Silicon Motion Technology and raises the price target from $80 to $96.
The increase in price target by Craig-Hallum indicates a strong bullish outlook on Silicon Motion Technology, suggesting potential upside for the stock. Such analyst actions often lead to short-term positive momentum in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100