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Investing.com - Citi has raised its price target on Delta Electronics Inc. (TW:2308) to NT$550.00 from NT$455.00 while maintaining a Buy rating ahead of the company’s second-quarter earnings report expected by the end of July.
The investment bank has also opened a 30-day positive Catalyst Watch for the stock, anticipating better-than-expected second-quarter results despite macroeconomic uncertainty and foreign exchange volatility.
Citi believes Delta Electronics’ strength from positive mix shifts will likely outweigh negative currency impacts in the upcoming earnings report, contributing to results that could exceed consensus expectations.
The firm expects Delta’s upward growth trajectory to continue into the second half of 2025 and beyond, driven by dollar content growth in AI server power and liquid cooling solutions backed by technology migration.
Citi’s analyst noted that these factors should support Delta Electronics’ long-term outlook, with the anticipated strong second-quarter results and positive growth prospects for the second half of 2025 potentially serving as catalysts for the stock.
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