This Semiconductor Stock Is Up 4X This Year – And Analysts Think The Rally Has More Room

• Freedom Broker analyst Danial Yermakhan upgraded AEHR to Buy, raising the price target to $110 from $90. 
• Yermakhan expects stronger growth ahead, increasing revenue forecasts. 
• Craig-Hallum and Lakestreet also raise their price targets on Aehr, citing AI-driven demand and stronger data center growth.  

Aehr Test Systems (AEHR) stock is gaining investor attention after a Freedom Broker analyst, Danial Yermakhan, upgraded the stock, citing expectations for stronger growth ahead and raising the price target. 

Analyst Predicts Another 31% Upside For AEHR

Yermakhan upgraded AEHR to ‘Buy’ from ‘Hold’ and raised the price target to $110 from $90, citing improving long-term revenue prospects. The new price target implies a 31% upside to the stock’s last close. 

Yermakhan said Aehr’s fiscal 2026 performance marked a turning point, matching the momentum the company had been building throughout the year. The analyst lifted the firm’s fiscal 2027 revenue outlook to $133.2 million and raised the fiscal 2030 estimate to $355.8 million. 

The revised outlook reflects confidence that Aehr can benefit from expanding demand tied to advanced semiconductor testing needs. The company provides test and burn-in solutions used across several semiconductor markets, including applications involving emerging technologies.

Aehr expects fiscal 2027 revenue of $130 million to $150 million, above the $85.14 million consensus estimate, according to Fiscal AI data. Aehr Test Systems stock traded over 6% lower overnight, ahead of Friday. 

Analysts Bet On Aehr’s AI-Driven Growth Ahead 

On Wednesday, Craig-Hallum analyst Christian Schwab lifted his price target for Aehr to $125 from $68 while maintaining a ‘Buy’ rating on the shares, citing room for fiscal 2027 expansion. The analyst said AI-related demand and spending from hyperscale customers could become major growth drivers as data center investments increase.

Lake Street also raised its price target on Aehr to $110 from $56 and reaffirmed its ‘Buy’ recommendation. The firm highlighted Aehr’s quarterly bookings reaching $60.7 million, which pushed its effective backlog to $100.6 million. Lake Street said the company’s fiscal 2027 revenue outlook, calling for growth of 160% to 200%, exceeded its previous projection of $84 million.

During its fiscal Q4 earnings call, Aehr Test Systems CEO Gayn Erickson said the company has reduced its reliance on electric vehicle silicon carbide products and expanded into new growth areas. Two years ago, most of Aehr’s business came from EV-related silicon carbide, but now the majority of revenue comes from other markets.

Erickson said the company has seen stronger demand for optical device testing and burn-in solutions used in data centers, chip connections and storage technologies.

AEHR Stock: Retail View 

On Stocktwits, retail sentiment around the stock remained in ‘extremely bullish’ territory. 

A user said, “AEHR's sudden single-day chart surges over the past sessions are a textbook example of a stock catching up to its underlying sector's explosive macro tailwinds.”

AEHR stock has gained over 443% in the last 12 months. 

Also See: NOK Stock Faces Worst Week In 5 Years – But Retail Traders Are Not Giving Up On Nokia’s 'AI RAN Technology' Push

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