TD Cowen Maintains Outperform Rating for Arteris: Here's What You Need To Know

TD Cowen has decided to maintain its Outperform rating of Arteris AIP and lower its price target from $12.00 to $10.00.

Shares of Arteris are trading down 4.21% over the last 24 hours, at $5.23 per share.

A move to $10.00 would account for a 91.2% increase from the current share price.

About Arteris

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 NXP.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.