Charles Shi, an analyst from Needham, maintained the Buy rating on Amkor (AMKR – Research Report). The associated price target is $34.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Charles Shi’s rating is based on Amkor’s future growth prospects despite the current challenges. The company has faced setbacks due to last year’s loss in high-end smartphone sockets, which has impacted recent financial performance. However, Amkor’s management is optimistic about regaining a pivotal position in the high-end smartphone market, which is expected to drive growth in the latter half of 2025.
Despite the weak initial guidance for the first quarter of 2025, the long-term outlook remains positive as the company anticipates low single-digit growth in the entire year. This potential for recovery and growth in the high-end smartphone sector supports the Buy rating, as the company is strategically positioned to capitalize on these opportunities moving forward.
According to TipRanks, Shi is a 4-star analyst with an average return of 5.2% and a 44.97% success rate. Shi covers the Technology sector, focusing on stocks such as KLA, Kulicke & Soffa, and Applied Materials.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $30.00 price target.