Susquehanna Maintains Positive on Silicon Motion Technology, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Susquehanna analyst Mehdi Hosseini maintains a Positive rating on Silicon Motion Technology (NASDAQ:SIMO) but lowers the price target from $110 to $95.
November 01, 2024 | 3:22 pm
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Susquehanna maintains a Positive rating on Silicon Motion Technology but lowers the price target from $110 to $95, indicating a cautious outlook.
The analyst's decision to maintain a Positive rating suggests confidence in the company's fundamentals, but the lowered price target indicates potential challenges or market conditions that could impact growth. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100