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Deutsche Bank analyst Sidney Ho raised the firm's price target on Cohu to $43 from $38 and keeps a Buy rating on the shares. The rally in semicap equipment stocks makes the risk/rewards of owning the stocks less attractive, Ho tells investors in a research note. However, it is possible that an improving economy could continue to lift all stocks, says the analyst.

Needham analyst N. Quinn Bolton raised the firm's price target on Cohu to $50 from $30 and keeps a Buy rating on the shares. The analyst notes that after a strong Q4 pre-announcement, the company's Analyst Day presentation yesterday provided a new target model calling for $940MM revenue and $3.60 earnings by 2023, which represents a 14% annual revenue growth and 240% earnings growth. Bolton believes that Cohu will "enjoy continued growth" in 2022-2023, with 5G and automotive - two main drivers of Cohu's demand - serving as multi-year, secular trends.

DA Davidson analyst Thomas Diffely raised the firm's price target on Cohu to $40 from $33 and keeps a Buy rating on the shares. The company's virtual analyst meeting highlighted its recent end-market strength and incremental growth opportunities while initiating a medium-term target model that calls for $3.60 per share in earnings and $940M in revenue, the analyst tells investors in a research note.

B. Riley Securities analyst Craig Ellis raised the firm's price target on Cohu to $46 from $42 and reiterates a Buy rating on the shares following the company's Q4 results and analyst day. The analyst sees upside estimate catalysts ahead.

Deutsche Bank analyst Sidney Ho raised the firm's price target on Cohu to $38 from $28 and keeps a Buy rating on the shares following the company's analyst day. Cohu continues to look well positioned to benefit from secular growth opportunities, particularly in mobility 5G and electrification, Ho tells investors in a research note.

B. Riley Securities analyst Craig Ellis raised the firm's price target on Cohu to $42 from $40 and reiterates a Buy rating on the shares after the company increased its Q4 outlook.

Craig-Hallum analyst Christian Schwab raised the firm's price target on Cohu to $45 from $33 and keeps a Buy rating on the shares. The analyst notes that Cohu positively updated its outlook ahead of its Analyst Day, raising its Q4 revenue guidance to $195M-$200M, up from $176M-$192M, and saying it expects momentum to continue with Q1 sales to be up another 5% sequentially. Schwab continues to believe that investors should be focusing on not just the recently improved outlook but just as important that the company is well positioned with two multi-year tailwinds.