B. Riley Securities Maintains Buy on Silicon Motion Technology, Raises Price Target to $105
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 $101 to $105.
May 06, 2024 | 5:35 pm
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POSITIVE IMPACT
B. Riley Securities has reaffirmed its Buy rating on Silicon Motion Technology and raised its price target from $101 to $105.
The increase in the price target by B. Riley Securities reflects a positive outlook on Silicon Motion Technology's future performance. This endorsement from a reputable analyst could lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100