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Aehr Test Systems price target raised to $50 from $29 at Lake Street

Lake Street raised the firm’s price target on Aehr Test Systems (AEHR) to $50 from $29 and keeps a Buy rating on the shares. The firm, which continues to expect a significant revenue ramp in FY27 driven by AI-related orders, has raised its FY27 sales estimates to $80M from $73M to account for recent order announcements and “the positive tone from management” when the firm recently hosted a fireside chat and a series of investor meetings.

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