Needham raised the firm’s price target on Cohu (COHU) to $54 from $33 and keeps a Buy rating on the shares. The company reported strong results, with the quarter showing that in addition to high-performance compute growth, general industrial demand seems to be recovering, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHU:
- Cohu price target raised to $60 from $55 at Jefferies
- Cohu Price Target Raised to $60 as AI-Driven Test Demand and HPC Exposure Support Buy Rating
- Cohu Inc. Rides HPC Wave With Upgraded Outlook
- Cohu reports Q1 adjusted EPS 1c, consensus 3c
- Cohu sees Q2 revenue $144M, plus or minus $7M, consensus $127M