[Serenity: XFAB Far from Peaking, Bernstein's €12.8 Target Price Still Conservative] BlockBeats News, June 23, Serenity stated that Bernstein has upgraded XFAB's rating from 'Market Perform' to 'Outperform,' raising the target price significantly from €5 to €12.8. However, Serenity believes this target price is merely a lagging response to the recovery in the automotive sector, the ramp-up of silicon carbide and power semiconductor production capacity, and does not fully reflect XFAB's potential value. If the market begins to price in XFAB's potential transition to HVM (High Volume Manufacturing)—especially its silicon photonics foundry business—there is substantial room for upward valuation adjustments. Serenity specifically highlighted XFAB's multiple hidden strengths in the silicon photonics field: collaboration with NVIDIA through the PhotonixFab platform and joint development of SOI-based TFLN (Thin-Film Lithium Niobate) technology with LIGENTEC. Regardless of whether Bernstein's target price is conservative, Serenity remains bullish on XFAB and will closely monitor its future trajectory. [Original Link]