Aehr Test Systems initiated with a Buy at Lake Street

Lake Street initiated coverage of Aehr Test Systems (AEHR) with a Buy rating and $29 price target Aehr’s proprietary wafer-level test and burn-in systems are “uniquely positioned” to address the increasing quality and reliability requirements of next-gen semiconductors, the analyst tells investors. The firm believes the markets for AI processors and HPC devices expand the company’s total addressable market for systems by $500M and another $500M for consumables and handling equipment by 2027, the analyst added.