Craig-Hallum Raises Silicon Motion (SIMO) Price Target to $160, Keeps Buy

We recently published an article titled 12 Best Data Storage Stocks to Buy Right Now. On February 5, Craig-Hallum raised its price target on Silicon Motion Technology Corporation (NASDAQ:SIMO) to $160 from $120 and maintained a Buy rating, citing market share gains and rising average selling prices amid sustained demand for its NAND flash controllers. While management expects near-term gross margin pressure in the March quarter due to rising memory costs, margins are projected to recover toward the 48%–50 ...