Roth Capital analyst Suji Desilva raised the firm’s price target on Silicon Motion (SIMO) to $250 from $140 and keeps a Buy rating on the shares after the company reported “very strong” Q1 sales and guided for an “impressive” Q2 revenue ramp. The firm believes the revenue guidance and continued growth are sustainable on the back of the ramp of AI infrastructure-related boot drives and enterprise MonTitan SSD, the analyst tells investors.
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