Aehr Test Systems (NASDAQ: AEHR) saw its stock surge 5.24% during the intraday session on Friday, marking a significant rebound from its after-hours decline.
The rally followed Craig-Hallum analyst Christian Schwab's reaffirmation of a Hold rating on the stock, with a price target of $24.00. This reassuranced investors despite the company's mixed Q2 results, which included in-line earnings but missed revenue expectations. The analyst's confidence in the stock's potential appears to have driven the intraday recovery.
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