Cohu (COHU) PT Raised to $80 at TD Cowen

TD Cowen analyst Krish Sankar raised the price target on Cohu (NASDAQ: COHU) to $80.00 (from $60.00) while maintaining a Buy rating.

The analyst commented: "Best Smidcap Ideas: HPC Opportunity Augments Core Business Turnaround; Cohu's business is becoming increasingly tied to positive LT demand in AI HPC via its highperformance thermal Eclipse handlers & HBM inspection systems. We view a return to profitability this year with significant leverage in the model CY27+ as HPC demand ramps, and core auto/industrial business recovery as a positive. With the AI narrative, the stock feels like TER a year ago. PT goes to $80."

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