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.
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.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMKR: