TD Cowen raised the firm's price target on Cohu to $80 from $60 and keeps a Buy rating on the shares. The firm said Cohu's business is becoming increasingly tied to positive LT demand in AI HPC via its high performance thermal Eclipse handlers & HBM inspection systems. They 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.
