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- Chardan analyst Brian Dobson is optimistic about Valens Semiconductor Ltd's (NYSE:VLN) collaboration with Logitech International SA (NASDAQ:LOGI).
- He acknowledges that the collaboration provides an implicit stamp of approval which should aid Valens in winning future business in the audio-video segment, representing 80% of revenue forecast for 2022E.
- VLN is joining forces with Logitech, an industry-leading electronics company, to enhance the USB peripheral suite of products.
- VLN will endeavor to enhance power and data transfer along a single category cable via USB and Power Extender through its partnership.
- One of the mainstay appeals of VLN's cross-sector product offering is its ability to reduce power and wiring requirements while improving connectivity and lag-time.
- Dobson has a Buy rating on Valens with a price target of $13 (169% upside).
- He considers the alliance to reduce end-user installation expense, extend USB transmission by 100m, enhance flexibility, and manage and configure remotely.
- Price Action: VLN shares traded lower by 0.97% at $4.84 on the last check Thursday.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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