Sivers Semiconductors price target raised to SEK 8 from SEK 6 at Northland

Northland raised the firm’s price target on Sivers Semiconductors (SIVEF) to SEK 8 from SEK 6 and keeps an Outperform rating on the shares. The firm is raising price targets on several suppliers of lasers/external light sources and other components for scale up Co-Packaged Optics solutions based on Marvell’s (MRVL) $3.25B baseline and $5.5B all in acquisition of start up Celestial AI, the analyst tells investors.