JPMorgan lowered the firm’s price target on Amkor Technology (AMKR) to $42 from $48 and keeps an Overweight rating on the shares. Amkor reported slightly better September quarter results, reflecting a seasonal smartphone ramp combined with continued artificial intelligence packaging momentum while auto and industrial demand trends remain muted, the analyst tells investors in a research note. The firm reduced forward estimates but sees gradually improving trends in 2025.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMKR: