Knowles price target raised to $22 from $20 at Craig-Hallum

Craig-Hallum analyst Anthony Stoss raised the firm’s price target on Knowles (KN) to $22 from $20 and keeps a Buy rating on the shares. The firm believes Knowles is positioned for growth beyond June’s solid results driven by increased demand in PD and hearing health. Gross margins are now creeping up towards the mid-40s with June margins up 260bps sequentially and management pointing to another 100bps+ of growth for September. Management noted strength in PD with a book-to-bill ratio of 1.15 during the quarter and Craig-Hallum reminds investors of Knowles’ upcoming ramp for the large Energy customer mid-2026.