Valens' Collaboration With Logitech Gets Thumbs Up From This Analyst
- Chardan analyst Brian Dobson is optimistic about Valens Semiconductor Ltd's (NYSE: VLN) collaboration with Logitech International SA (NASDAQ: 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.
Latest Ratings for VLN
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Mar 2022 | Citigroup | Maintains | Buy | |
| Nov 2021 | Chardan Capital | Initiates Coverage On | Buy | |
| Nov 2021 | B of A Securities | Initiates Coverage On | Buy |
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