Cohu price target raised to $35 from $30 at B. Riley

B. Riley analyst Craig Ellis raised the firm’s price target on Cohu (COHU) to $35 from $30 and keeps a Buy rating on the shares. Despite near-term cyclical pressure, structurally strong AI-driven demand for HBM, CoWoS, GPUs, and custom ASICs continues to outstrip supply, the analyst tells investors in a research note. Improving Taiwan demand signals and early signs of an Auto & Industrial recovery point to modest 4Q25 upside and at least in-line 1Q26 guidance, with multiple long-term AI-linked growth drivers underpinning future sales and EPS expansion.