Needham analyst James Ricchiuti resumed coverage of Bel Fuse with a Buy rating and a price target of $16, saying the valuation on the stock has become "too compelling" to ignore. The analyst notes that the company still faces headwinds around the inventory overhang from double-booked orders by customers in 2018 and a "tepid" end-market demand, but contends that the stock "sufficiently discounts" those concerns. Ricchiuti also cites longer term positive catalysts for Bel Fuse, which include 5G technology, the adoption of EVs, and a migration to cloud architectures.