B. Riley Securities Maintains Buy on Silicon Motion Technology, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst Craig Ellis maintains a Buy rating on Silicon Motion Technology (NASDAQ:SIMO) but lowers the price target from $112 to $95.

August 05, 2024 | 4:39 pm
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B. Riley Securities analyst Craig Ellis maintains a Buy rating on Silicon Motion Technology (NASDAQ:SIMO) but lowers the price target from $112 to $95.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates some short-term concerns or adjustments in valuation. This mixed signal is likely to result in a neutral short-term impact on the stock price.
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IMPORTANCE 70
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