Aehr Test Systems (NASDAQ: AEHR) saw its stock surge 7.93% in pre-market trading on Friday, following a Hold rating reaffirmation by Craig-Hallum analyst Christian Schwab. The analyst maintained a price target of $24.00, signaling confidence in the stock's potential despite recent mixed financial results.
The pre-market rally contrasts with the stock's after-hours performance, where it fell 5.3% after reporting Q2 losses in line with estimates but missing revenue expectations. The analyst's rating appears to have reassured investors, driving the stock higher ahead of the trading session.
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