Craig-Hallum Maintains Buy on Silicon Motion Technology, Lowers Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Anthony Stoss maintains a Buy rating on Silicon Motion Technology (NASDAQ:SIMO) but lowers the price target from $96 to $90.
November 01, 2024 | 6:26 pm
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NEUTRAL IMPACT
Craig-Hallum maintains a Buy rating on Silicon Motion Technology but lowers the price target from $96 to $90, indicating a slightly less optimistic outlook.
The maintenance of a Buy rating suggests continued confidence in the stock, but the lowered price target indicates a slightly less optimistic view on its short-term potential. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100