Cohu upgraded to Buy from Hold at Needham

Needham upgraded Cohu (COHU) to Buy from Hold with a $30 price target The firm says high bandwidth memory is transitioning from brute-force stacking to a “plethora of new innovation-based scaling.” This ensures HBM “remains the king” of artificial intelligence memory for another 5-10 years, the analyst tells investors in a research note. Needham views Cohu as a “hidden HBM play.”