Jefferies analyst Kevin Garrigan raised the firm’s price target on Cohu (COHU) to $60 from $55 and keeps a Buy rating on the shares. The company reported a Q1 beat with a Q2 revenue outlook well above expectations on expanding Eclipse momentum and a broadening compute pipeline, the analyst tells investors in a research note. Jefferies believes Cohu’s margins should expand over time.
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Read More on COHU:
- 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
- Cohu price target raised to $53 from $35 at Evercore ISI