PDF Solutions price target lowered to $40 from $42 at DA Davidson

DA Davidson analyst William Jellison lowered the firm’s price target on PDF Solutions to $40 from $42 and keeps a Buy rating on the shares. The analyst cites the company’s FY24 outlook which reflects a slower thaw to Analytics demand and lower IYR, or Integrated Yield Ramp, revenues. DA Davidson adds however that it is still favoring risk/reward at current levels.