Analyst Krish Sankar from TD Cowen reiterated a Buy rating on Cohu and keeping the price target at $22.00.
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Krish Sankar has given his Buy rating due to a combination of factors that highlight Cohu’s strategic positioning and operational strengths. The company’s recent performance aligns with previous guidance, and there is an optimistic outlook for the September 2025 quarter, driven by a significant order in the auto/mobility sector. Cohu’s focus on securing new design wins and optimizing operations during challenging market conditions is seen as a positive move, despite concerns over tax and tariff impacts.
Furthermore, Cohu’s strong guidance for the September 2025 quarter is supported by new design wins, including a substantial contract for their Eclipse handler in the auto/mobile sector and an ULTRA-S contract for analog testing. The company’s recurring revenues and improved utilization rates indicate stability and potential for growth, while gross margins have slightly increased, reflecting higher sales volumes. These factors collectively contribute to the Buy rating, as they suggest Cohu is navigating through the cyclical downturn effectively and is poised for future growth.
In another report released today, B.Riley Financial also reiterated a Buy rating on the stock with a $27.00 price target.