PDF Solutions price target raised to $48 from $40 at DA Davidson

DA Davidson raised the firm’s price target on PDF Solutions (PDFS) to $48 from $40 and keeps a Buy rating on the shares ahead of its Q1 results next week. The firm notes that profit-taking over the past few days has created a compelling buying opportunity for PDF Solutions. Positive Intel (INTC) developments year-to-date and proof points of a compute-constraint environment lead the firm to believe there is upside to growth expectations and projected margin expansion, the analyst tells investors in a research note.