Pdf Solutions Receives Strong Buy Ratings from Top Analysts, No Holds or Sells

DA Davidson's Thomas Diffely raised their price target on Pdf Solutions (NASDAQ: PDFS) by 6.7% from $45 to $48 on 2023/08/09. The analyst maintained their Strong Buy rating on the stock.

In their review of Pdf Solutions' Q2 2023 earnings report, released on August 8, 2023, the analyst described the results as "solid." Despite management's "modestly reduced" revenue guidance, the analyst believes it does not weaken the stock's long-term strength.

For Q2 2023, Pdf Solutions reported earnings per share (EPS) of $0.19, surpassing the Zacks Consensus Estimate of $0.16 and showing a significant increase of 72.7% compared to Q2 2022's $0.11. The company also reported revenue of $41.6 million, in line with the Zacks Consensus Estimate and a 19.9% increase from Q2 2022's $34.67 million.

Looking ahead, Pdf Solutions' management guided for year-over-year revenue growth in the lower double-digits for FY 2023. CEO John Kibarian expressed satisfaction with the company's performance so far in the year compared to the previous year and highlighted the level of deal activity in their pipeline.

Rosenblatt's Blair Abernethy also issued an update on Pdf Solutions on August 9, 2023. The analyst raised their price target by 3.5%, from $42.5 to $44, and maintained their Strong Buy rating on the stock.

The overall sentiment among analysts is overwhelmingly positive for Pdf Solutions. Currently, 100% of top-rated analysts rate the stock as a Strong Buy or Buy, with no analysts considering it a Hold. Furthermore, no analysts recommend or strongly recommend selling the stock.

Pdf Solutions has shown impressive growth, with its stock up by 54.9% year-over-year, outpacing the S&P 500's 7.9% increase during the same period.

DA Davidson analyst Thomas Diffely, who raised the price target on Pdf Solutions, is ranked in the top 12% of Wall Street analysts by WallStreetZen. With an average return of 17% and a 65.5% win rate, Diffely specializes in the Consumer Cyclical and Technology sectors.

Pdf Solutions, Inc. is a company that provides proprietary software, physical intellectual property products, and professional services for integrated circuit designs. Their offerings include software products such as Manufacturing Analytics, Process Control, Test Operations, and Assembly Operations. They also provide design-for-inspection (DFI) Systems, Cimetrix software products, and various services. Pdf Solutions serves clients in the United States, China, Japan, Taiwan, and internationally. The company was founded in 1991 and is headquartered in Santa Clara, California.

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