Lake Street Capital Markets Analyst Jaeson Schmidt initiated coverage of Data I/O Corporation (DAIO), with a BUY rating and price target of $13 (DAIO, $11.31). Data I/O designs, manufactures, and sells programming systems to electronic device manufacturers for areas such as flash memory and microcontrollers. The Company's customers include those from end markets such as automotive electronics, internet of things (IoT), consumer electronics, wireless, contract manufacturing, and programming centers.
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