Rosenblatt Securities analyst Blair Abernethy has maintained their bullish stance on PDFS stock, giving a Buy rating on September 23.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Blair Abernethy has given his Buy rating due to a combination of factors including the strategic partnership between PDF Solutions and Intel. The announcement of the new AI/ML solution, Exensio Studio AI, which leverages Intel’s Tiber AI Studio platform, is a significant development. This collaboration not only enhances PDF Solutions’ capabilities in AI/ML but also strengthens its relationship with Intel, potentially opening new market opportunities.
Although there is no immediate revenue impact expected from this deal, the long-term prospects appear promising. The valuation of PDF Solutions is currently attractive, trading below the average of its peers. Abernethy maintains a target price of $31, which reflects confidence in the company’s growth potential and the strategic benefits of the new AI/ML product offering.
Abernethy covers the Technology sector, focusing on stocks such as PDF Solutions, Cadence Design, and Synopsys. According to TipRanks, Abernethy has an average return of 9.2% and a 63.44% success rate on recommended stocks.