B. Riley has revised its price target for Cohu (COHU, Financial), adjusting it downward from $30 to $23 while maintaining a Buy rating on the company's stock. This decision is part of a broader trend where the firm is lowering estimates and price targets across the back-end semiconductor capital equipment sector.
The adjustment reflects a more cautious perspective on demand dynamics anticipated as companies prepare to report their first quarter results. B. Riley's move suggests that challenges in market conditions are influencing expectations for companies within this industry segment, including Cohu.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 4 analysts, the average target price for Cohu Inc (COHU, Financial) is $29.50 with a high estimate of $35.00 and a low estimate of $26.00. The average target implies an upside of 114.70% from the current price of $13.74. More detailed estimate data can be found on the Cohu Inc (COHU) Forecast page.
Based on the consensus recommendation from 5 brokerage firms, Cohu Inc's (COHU, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Cohu Inc (COHU, Financial) in one year is $22.42, suggesting a upside of 63.17% from the current price of $13.74. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Cohu Inc (COHU) Summary page.
