PDF Solutions up; Bernstein initiates with 'outperform' and $65 PT
PDFS•Bernstein starts coverage with bullish rating
Shares of semiconductor data solutions provider PDF Solutions (PDFS.O) rise 2.6% to $48.87.
Bernstein initiates coverage on PDFS with an "outperform" rating and a $65 price target, implying an upside of about 36% to the stock's last close.
The brokerage says the rapidly expanding semiconductor market is a clear driver of growth for PDFS, given that its solutions are used across the industry to improve operational efficiency.
As of the last close, the stock is up about 70% this year.
