Benzinga | Sep 23, 2021 03:08PM EDT

This Analyst Sees 82% Upside In Alpha & Omega Semiconductor - Read Why

* Benchmark analyst David Williams initiated coverage of Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) with a Buy and $55 price target, implying an 82.2% upside.

* The current robust demand environment has accelerated structural improvements. Williams believes Alpha & Omega has now reached a "fundamental inflection point" as it has achieved scale to support a long-term path of double-digit revenue growth.

* Revenue is becoming increasingly diversified, and new products are providing significant content expansion, Williams added.

* Price Action: AOSL shares traded higher by 7.06% at $30.64 on the last check Thursday.