AIP Stock Jumps To Record High – Here’s Why This Analyst Raised Their Price Target By Nearly 120%

• Jefferies raised its price target to $35 from $16 and kept a ‘Hold’ rating, according to The Fly.
• The firm wants a clearer visibility into profitability before recommending the stock.
• Rosenblatt believes the data center deals will help drive Arteris’ royalty revenue much sooner than its automotive business.

Shares of Arteris, Inc. (AIP) soared to a record high on Wednesday as upbeat brokerage actions and stronger-than-expected first-quarter results fueled bullish investor sentiment around the company’s growth trajectory.

Arteris reported a 39% jump in first-quarter (Q1) revenue to $22.9 million, beating Wall Street’s estimates of roughly $21 million, according to Fiscal.ai data. The company posted a net loss of $1.2 million, or $0.03 per share, compared to consensus estimates of a loss of $0.07 per share.

Jefferies Raises AIP Price Target By Nearly 120%

Following the results, Jefferies raised the price target to $35 from $16 and kept a ‘Hold’ rating, according to The Fly. Analyst Kevin Garrigan said demand tied to AI growth is accelerating, with Arteris seeing stronger royalty trends driven by rising exposure to the data center market.

However, the firm wants clearer visibility into profitability before turning more positive on the stock.

Arteris expects full year (FY) 2026 revenue between $91 million and $95 million and operating loss between $4.5 million and $8.5 million.

Rosenblatt Bets On AIP’s Data Center Deals

Rosenblatt raised its price target on Arteris to $38 from $20 and kept a ‘Buy’ rating, citing new data center licensing wins. The firm believes the data center deals will help drive Arteris’ royalty revenue much sooner than its automotive business, which is seen as a positive for the company.

Arteris’ Q1 was marked by major customer wins, including a leading global hyperscaler expanding its adoption of the company’s technology and a memory supplier accelerating the development of high-bandwidth memory chip solutions.

What Do Retail Traders Think Of AIP?

Retail sentiment for AIP on Stocktwits turned ‘extremely bullish’ from ‘bullish’ a day earlier, while message volumes remained ‘high.’

One user said Arteris will be part of the backbone of Hyperscaler AI Centers.

The stock has seen significant buying interest this year, gaining more than 116%.

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