Wedbush raised the firm’s price target on Silicon Motion (SIMO) to $120 from $115 and keeps an Outperform rating on the shares following quarterly results. The firm cites the strong print and guide. Wedbush is valuing Silicon by applying a 15X multiple to its 2027 EPS.
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Read More on SIMO:
- Silicon Motion price target raised to $110 from $85 at JPMorgan
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