Amprius Technologies price target raised to $16 from $12 at Cantor Fitzgerald

Cantor Fitzgerald raised the firm’s price target on Amprius Technologies (AMPX) to $16 from $12 and keeps an Overweight rating on the shares. Amprius continues to strengthen its position with growing validation of its SiCore battery technology, highlighted by a record $35M re-order and increasing engagement with the U.S. military, the analyst tells investors in a research note. With proven technology and access to 1.8GW of capacity, Amprius is well-positioned for meaningful revenue growth ahead, Cantor says.