Silicon Motion (NASDAQ:SIMO) eases off record high as analyst sees less upside
Silicon Motion plunged 6.14% to $305.28 Friday, ending the week 9.4% below Monday’s close despite analyst upgrades, with shares now trading just 1.8% under the average 12-month target; investors face tight upside as the stock’s recent surge means future gains hinge on further earnings upgrades or margin growth from enterprise and AI storage products.