In a report released today, Gus Richard from Northland Securities maintained a Buy rating on Arteris (AIP – Research Report), with a price target of $16.00. The company’s shares closed yesterday at $6.62.
Richard covers the Technology sector, focusing on stocks such as Intel, Advanced Micro Devices, and Veeco. According to TipRanks, Richard has an average return of 22.6% and a 62.32% success rate on recommended stocks.
Arteris has an analyst consensus of Strong Buy, with a price target consensus of $12.25, implying an 85.05% upside from current levels. In a report released on August 4, TD Cowen also maintained a Buy rating on the stock with a $11.00 price target.
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The company has a one-year high of $8.69 and a one-year low of $3.27. Currently, Arteris has an average volume of 297.8K.
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Arteris Inc is a provider of network-on-chip interconnect semiconductor intellectual property (IP) and IP deployment technology to accelerate system-on-chip semiconductor development and integration for a wide range of applications from AI to automobiles, mobile phones, IoT, cameras, SSD controllers, and servers for customers such as Bosch, Baidu, Mobileye, Samsung, Toshiba and…
Read More on AIP:
- Arteris Wins Gold Stevie® Award in the 2023 International Business Awards® for Technical Innovation of the Year
- Arteris IP sees FY23 revenue $60.4M-$65.4M, consensus $58.41M
- Arteris IP sees Q3 revenue $12.5M-$13.5M, consensus $15.08M
- Arteris IP reports Q2 EPS (26c), consensus (18c)
- Arteris Announces Financial Results for the Second Quarter 2023 and Estimated Third Quarter and Full Year 2023 Guidance
