Roth MKM says Valens Semiconductor synergies with Acroname already materializing

Roth MKM analyst Suji Desilva noted that the firm is “encouraged” by Valens’ product platform targeting edge AI and conferencing platforms in support of growth outside its automotive segment. Roth added that it sees product roadmap synergies with recently acquired Acroname already materializing. The firm told investors in a research note that it expects an increase in penetration of camera, storage, and notebook applications across in audio-video applications. Roth MKM maintains its Buy rating and $3.00 price target on shares of Valens Semiconductor (VLN).