Roth MKM reiterated a $3 price target and Buy rating on Valens Semiconductor (VLN) after the company reported quarterly results. The company delivered “mild” Q4 upside reflecting continued demand and supply chain improvement, the analyst tells investors in a research note. The firm added that it is encouraged by 2025 revenue growth guidance and expects intermediate-term tailwinds across multiple end market opportunities including auto, audio/visual, and newer industrial factory automation.
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Read More on VLN:
- Valens Semiconductor Reports 2024 Financial Results and Outlines Ambitious Growth Plan
- Valens Semiconductor reports Q4 EPS (2c), consensus (3c)
- Valens Semiconductor sees Q1 revenue $16.3M-$16.6M, consensus $16.1M
- Valens Semiconductor sees FY25 revenue $71M-$76M, consensus $73.47M
- Is VLN a Buy, Before Earnings?