Amkor Technology price target raised to $45 from $43 at B. Riley

B. Riley raised the firm’s price target on Amkor Technology to $45 from $43 and keeps a Buy rating on the shares. Amkor’s Q1 print solidly exceeded consensus expectations, and Q2 guidance was further above consensus on the new 2.5D AI packaging program, the analyst tells investors in a research note. While Communications undershot the firm’s model in Q1, B. Riley expects robust Q3 quarter over quarter growth to levels solidly above the firm’s new model.