Arteris (NASDAQ:AIP) Trading Up 7.9% Following Analyst Upgrade

Market Beat
2026.05.14 15:21
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Shares of Arteris, Inc. (NASDAQ:AIP) rose 7.9% after TD Cowen upgraded its price target from $22 to $40, maintaining a buy rating. The stock traded as high as $37.99, closing at $38.35. Other analysts have also adjusted their price targets, with Jefferies raising it to $35 and Northland Securities setting it at $24. Despite positive earnings and revenue guidance, insider sales raised some caution. The company has a consensus rating of "Hold" with an average target price of $37.75.