SIMO Crosses Above Average Analyst Target
January 09, 2018 at 09:32 AM EST
In recent trading, shares of Silicon Motion Technology Corp (SIMO) have crossed above the average analyst 12-month target price of $55.75, changing hands for $55.81/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..