Arteris, Inc (AIP) PT Raised to $11 at Jefferies

Jefferies analyst Blayne Curtis raised the price target on Arteris, Inc (NASDAQ: AIP) to $11.00 (from $7.00) while maintaining a Hold rating.

The analyst comments "The recent entrance into the MCU market has started to pay dividends with notable win at IFX. Given early traction in MCUs and opportunity for an incremental +30% ASP uplift per license with the newly announced FlexGen solution, the door is open for an earlier bridge to breakeven with positive FCF in 2025. However the 2025 guide came in lower so we stay on the sidelines and wait for higher conviction around improving execution in MCUs and FlexGen license sales."

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