Silvaco initiated with Buy rating and $26 price target by Rosenblatt analyst, well-positioned to benefit from EDA market with strong TCAD position and growth opportunities. Needham analyst also gives Buy rating and $28 target, forecasts improved margins and revenue.
Wall Street experienced a muted session on Wednesday morning as traders adopted a cautious stance ahead of the Federal Reserve meeting minutes release at 2 p.m. EDT and Nvidia Corp.