Arteris (AIP – Research Report), the Technology sector company, was revisited by a Wall Street analyst yesterday. Analyst Joshua Buchalter from TD Cowen reiterated a Buy rating on the stock and has a $13.00 price target.
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Joshua Buchalter has given his Buy rating due to a combination of factors including Arteris’s strong financial performance and strategic market positioning. The company’s recent quarterly results exceeded expectations, particularly with revenue growth driven by demand in AI, enterprise computing, and automotive sectors. Arteris’s ability to maintain design win momentum and penetrate high ASP products across various sectors is seen as a positive long-term indicator.
Moreover, the company’s focus on the microcontroller market, evidenced by key licensing wins with companies like Infineon and GigaDevice, is viewed as strategically beneficial despite lower average selling prices. Arteris’s efforts to expand its customer base and introduce new high-value products such as FlexNoc5 and FlexGen are further signs of its growth potential. Additionally, management’s projection to achieve non-GAAP breakeven by late 2025/early 2026, with positive operating income expected in the first half of 2026, supports the optimistic outlook.
In another report released yesterday, Rosenblatt Securities also reiterated a Buy rating on the stock with a $15.00 price target.
Based on the recent corporate insider activity of 121 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AIP in relation to earlier this year.