Craig-Hallum bullish on Silvaco, initiates with a Buy

As previously reported, Craig-Hallum initiated coverage of Silvaco (SVCO) with a Buy rating and $25 price target. The firm believes following Silvaco’s recent IPO it is positioned well as customers face increasingly complex design and manufacturing challenges and seek improved cost efficiency and speed to market. The company is the second largest, to Synopsys (SNPS), and only other major TCAD – Technology Compute-Aided Design – provider in the market, Craig-Hallum notes.