Evercore ISI raises Cohu stock price target on compute strength

Investing.com - Evercore ISI raised its price target on Cohu Inc. shares (NASDAQ:COHU) to $53 from $35 while maintaining an Outperform rating. The firm cited multiple paths for upside to estimates, including near-term strength in compute revenues and second-half 2026 growth led by continued strength in compute with added benefit from recovery in auto-industrial markets and market share gain in compute and HBM. Cohu stock has traded up 98% year-to-date versus the S&P 500’s 5% gain and trades at a next-twelve-months price-to-earnings ratio of 61 times, a 180% premium relative to the S&P 500.

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