Kulicke & Soffa price target raised to $57 from $46 at Needham

Needham raised the firm’s price target on Kulicke & Soffa to $57 from $46 and keeps a Buy rating on the shares. 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 believes the back-end semiconductor capital equipment names will outperform the front-end in 2026. It encourages investors to “look for names in this space that has been forgotten for a while.”