Craig-Hallum Bullish On Aehr Test Systems, Sees Substantial Upside

Craig-Hallum analyst Christian Schwab raised the price target on Aehr Test Systems AEHR to $31 from $12, implying an 86.1% upside, and reiterated a Buy.
Aehr is engaged in test systems for burning-in and testing logic, optical, and memory integrated circuits.
Schwab believes Aehr Test is on the cusp of mass adoption of its FOX burn-in test systems for silicon carbide used in electric vehicles, a market that could be greater than $900 million.
In addition to the significant silicon carbide opportunity, Aehr Test remains well-positioned across multiple other substantial secular options, including silicon photonics devices for data center and 5G infrastructure and 2D/3D sensors for mobile and wearable devices.
Price Action: AEHR shares traded higher by 3.00% at $17.16 in the premarket session on the last check Friday.

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