Roth MKM Maintains Buy on Silicon Motion Technology, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
Roth MKM analyst Suji Desilva maintains a Buy rating on Silicon Motion Technology (NASDAQ:SIMO) but lowers the price target from $90 to $80.
October 08, 2024 | 4:40 pm
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NEUTRAL IMPACT
Roth MKM's analyst Suji Desilva continues to recommend buying Silicon Motion Technology shares but has reduced the price target from $90 to $80, indicating a more cautious outlook.
The maintained Buy rating suggests continued confidence in the stock's potential, but the lowered price target reflects a more cautious stance, possibly due to market conditions or company performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100