Lake Street raised the firm’s price target on Aehr Test Systems (AEHR) to $56 from $50 and keeps a Buy rating on the shares. While Q3 revenue of $10.3M came in slightly below consensus of $10.8M, the “headline story this quarter was the bookings inflection,” the analyst tells investors. The firm thinks the strong bookings momentum could prove its FY27 estimates to be conservative and continue to push the stock higher, the analyst added.
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Read More on AEHR:
- Craig-Hallum upgrades Aehr Test Systems on improving business momentum
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- Aehr Test Systems reports Q3 EPS (5c), consensus (7c)
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