Stock Track | Silicon Motion Technology Soars 5.41% Intraday on J.P. Morgan's Bullish Rating

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Silicon Motion Technology Corporation (SIMO) saw its stock price soar 5.41% during intraday trading on Monday, marking a significant upward movement.

The surge appears to be driven by positive analyst sentiment, specifically from J.P. Morgan. Analyst Gokul Hariharan maintained a Buy rating on the stock and set a price target of $145.00, reinforcing confidence in the company's prospects.

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