Stifel Lifts PT on Cohu (COHU)’s Stock to $34

Cohu, Inc. (NASDAQ:COHU) is one of the Best Semiconductor Stocks to Invest In Now. On March 18, Stifel analyst Brian Chin lifted the firm’s price objective on Cohu, Inc. (NASDAQ:COHU)’s stock to $34 from $32, while keeping a “Buy” rating. The analyst noted the company’s announcement, wherein a leading US semiconductor IDM (integrated device manufacturer) and foundry gave orders for multiple Eclipse platforms.

Stifel Lifts PT on Cohu (COHU)’s Stock to $34

This is to support testing of high-performance compute AI processors. As a result, this highlights that Cohu, Inc. (NASDAQ:COHU)’s AI test-driven revenue continues to accelerate.

In a different update, on March 16, Evercore ISI began coverage of the company’s stock with an “Outperform” rating and a price objective of $35. As per the firm, a cyclical recovery in the broader auto-industrial market in 2026 and 2027, Cohu, Inc. (NASDAQ:COHU)’s expansion into AI/compute applications, and a cushion because of recurring revenue are expected to act as key drivers.

Cohu, Inc. (NASDAQ:COHU) is a California-based provider of semiconductor test equipment and services. Founded in 1947, the company also provides AI process control and analytics-based monitoring software.

While we acknowledge the risk and potential of COHU as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than COHU and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 10 Best FMCG Stocks to Invest In According to Analysts and 11 Best Long-Term Tech Stocks to Buy According to Analysts.

Disclosure: None. Follow Insider Monkey on Google News.