On Thursday, an ******* yst's rather bullish initiation of coverage on Cohu (NASDAQ: COHU) stock clearly resonated with the market. Investors took that pundit's advice to heart, pushing the semiconductor diagnostics company's shares to an almost 6% share price gain that trading session.
Just after Wednesday's market close, Baird's Quinn Fredrickson initiated his tracking of Cohu stock by ******* ouncing it an outperform (i.e., buy). He also set a price target of $65 per share for the highly specialized tech stock, anticipating nearly 18% upside to its current level.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Fredrickson's optimistic stance is based largely on Cohu's enviable potential as a participant in the artificial intelligence (AI) revolution, according to reports. The ******* yst believes the company could draw numerous revenue streams from this, thanks to its involvement in a wide range of activities. These include, but aren't limited to, software ******* ytics, power management, and hardware testing.
The ******* yst added that even if the broader semiconductor market were to soften, Cohu would still be quite a viable medium to long-term play, as it's a go-to company in its specialized segment.
Just after Wednesday's market close, Baird's Quinn Fredrickson initiated his tracking of Cohu stock by ******* ouncing it an outperform (i.e., buy). He also set a price target of $65 per share for the highly specialized tech stock, anticipating nearly 18% upside to its current level.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Fredrickson's optimistic stance is based largely on Cohu's enviable potential as a participant in the artificial intelligence (AI) revolution, according to reports. The ******* yst believes the company could draw numerous revenue streams from this, thanks to its involvement in a wide range of activities. These include, but aren't limited to, software ******* ytics, power management, and hardware testing.
The ******* yst added that even if the broader semiconductor market were to soften, Cohu would still be quite a viable medium to long-term play, as it's a go-to company in its specialized segment.
3 months ago
