TD Cowen analyst Joshua Buchalter has maintained their bullish stance on AIP stock, giving a Buy rating yesterday.
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Joshua Buchalter has given his Buy rating due to a combination of factors including Arteris’s impressive financial performance and strategic wins. The company’s recent earnings report exceeded expectations, with key performance indicators showing strong growth. The increase in revenue and record levels of remaining performance obligations highlight a positive trajectory for the company.
Additionally, Arteris’s expansion in customer wins, particularly with major players like AMD, underscores its potential for future growth. The strategic partnership with AMD for AI and chiplet IP solutions is a significant validation of Arteris’s technology and positions the company well in the evolving market of complex system-on-chips. Despite short-term profitability challenges, Arteris’s focus on growth-oriented investments is expected to drive innovation and scale, supporting the Buy rating.
In another report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $16.00 price target.