The analyst is bullish on XFAB, seeing potential beyond the recent price target upgrade by Bernstein, especially if XFAB moves to high volume manufacturing and expands in silicon photonics.
Bernstein's price target upgrade is seen as reactive to automotive recovery and SiC/power semiconductor ramp-up, but the analyst believes the market is undershooting XFAB's potential, particularly with its silicon photonics foundry partnerships.
$XFAB upgraded to outperform with a PT of €12.8 by Bernstein, up from €5. Okay I forgive you Bernstein for Kioxia and Intel. I still think that’s just reactive PTs off automotive recovery, SiC/power semi ramp up. And undershooting potential a lot… If markets price in the possibility of xfab moving to HVM. On their silicon photonics foundry w/ photonixfab / Nvidia + LIGENTEC for TFLN on SOI. Regardless I’m bullish too on XFAB and curious where it heads.
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