DA Davidson raised the firm’s price target on Amkor Technology (AMKR) to $40 from $30 and keeps a Buy rating on the shares. The company posted a solid Q3, though the most exciting parts of the earnings call were indications that several end markets are firming and longer term demand for the new Arizona facility continues to rise, the analyst tells investors in a research note.
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:
- Amkor Technology price target raised to $37 from $32 at Needham
- Amkor Technology price target raised to $29 from $26 at Goldman Sachs
- Amkor Technology price target raised to $32 from $27 at JPMorgan
- Amkor Technology: Balancing Revenue Growth with Margin Challenges Amid Strategic Expansion
- Amkor’s Strong Performance and Strategic Growth Drive Buy Rating with Raised Price Target