Aehr Test Systems $AEHR stock has done a candle over candle reversal bounce pattern. The is a stock that historically doesn’t stay down on its back for long. This makes since for a company that has an eye-popping EPS YoY growth of over 400%.
Aehr Test Systems price target raised at Craig-Hallum
Following the company’s announcement of a $25M follow-on order from its lead silicon carbide customer, which he identifies as ON Semi (ON), Christian Schwab of Craig-Hallum increased the price target for Aehr Test Systems (AEHR) to $45 from $31 and maintained a Buy rating on the shares on January 20, 2023. According to Schwab, the order, which covers a sizable number of FOX-XP systems, is equivalent to half of Aehr’s total revenueThe income statement provides a summary of a company's revenue and expenses over a specified period of time, typically a year or a quarter. It shows the company's total revenue, th... for the entire FY22. On Semi’s momentum is good, but he is also extremely enthusiastic about the company’s potential to ramp with other significant silicon carbide firms like STMicroelectronics, Wolfspeed, and Infineon, Schwab reports to investors. With continued growth to his FY24 revenue estimate of approximately $100M for Aehr, he is growing more confident in his FY23 projections.
