Valens' Collaboration With Logitech Gets Thumbs Up From This Analyst

Chardan analyst Brian Dobson is optimistic about Valens Semiconductor Ltd's VLN collaboration with Logitech International SA LOGI.
He acknowledges that the collaboration provides an implicit stamp of approval which should aid Valens in winning future business in the audio-video segment, representing 80% of revenue forecast for 2022E.
VLN is joining forces with Logitech, an industry-leading electronics company, to enhance the USB peripheral suite of products.
VLN will endeavor to enhance power and data transfer along a single category cable via USB and Power Extender through its partnership.
One of the mainstay appeals of VLN's cross-sector product offering is its ability to reduce power and wiring requirements while improving connectivity and lag-time.
Dobson has a Buy rating on Valens with a price target of $13 (169% upside).
He considers the alliance to reduce end-user installation expense, extend USB transmission by 100m, enhance flexibility, and manage and configure remotely.
Price Action: VLN shares traded lower by 0.97% at $4.84 on the last check Thursday.