Form 6-K Silicon Motion Technolog For: May 03
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Silicon Motion Technology (SIMO) PT Raised to $90 at JPMorgan
May 6, 2024 5:20 AM EDTJPMorgan analyst Gokul Hariharan raised the price target on Silicon Motion Technology (NASDAQ: SIMO) to $90.00 (from $85.00) while maintaining a Overweight rating.
The analyst comments "We are raising our FY24/25 estimates by 7%/6% and raise PT to $90 (based on 15x 12m forward Non-GAAP EPS ) to... More
