Needham Maintains Buy on Silvaco Group, Lowers Price Target to $19
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi maintains a Buy rating on Silvaco Group (NASDAQ:SVCO) but lowers the price target from $26 to $19.
October 17, 2024 | 10:36 am
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Needham analyst Charles Shi maintains a Buy rating on Silvaco Group but lowers the price target from $26 to $19, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a more cautious outlook, potentially due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100