Rudolph Technologies new JetStep tool positive, says DA Davidson

After Rudolph introduced its JetStep Panel Lithography System for advanced packaging applications, DA Davidson believes that the new product is more efficient and has attracted significant interest from customers. The firm thinks the product could increase Rudolph's revenue by 30%-40% over the next two to three years. It keeps an $18 price target and reiterates a Buy rating on the stock.

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