Aehr Test Systems $AEHR initiated with a Buy at Jefferies
Jefferies analyst Kevin Garrigan initiated coverage of Aehr Test Systems with a Buy rating and $175 price target.
The firm views the company as the only vendor offering both wafer- and package-level burn-in qualified into AI production.
The firm added that the stock multiple is sustainable as the market shifts towards AI reliability test, noting that the market still prices the shares against the company's FY24 SiC profile despite AI, SiPho, and networking now driving revenue and backlog.
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