Goldman Sachs expects Nvidia ’beat and raise,’ lifts price target to $240
Investing.com - Needham raised its price target on Amkor Technology (NASDAQ:AMKR) to $37.00 from $32.00 on Tuesday, while maintaining a Buy rating on the semiconductor packaging company. The stock, currently trading near its 52-week high of $33.54, has seen an impressive 80.41% return over the past six months, with a market capitalization of $8.2 billion.
The price target increase follows Amkor’s latest earnings report, which showed both revenue and earnings per share slightly exceeding the high end of the company’s guidance. The strong performance was driven by broad-based strength across all of Amkor’s reporting segments. According to InvestingPro, the company maintains a "Good" financial health score of 2.59, despite operating with relatively weak gross margins of 13.58%.
Needham highlighted improvements in both Computing and Automotive segments, with some of this strength expected to continue into calendar year 2026. The firm specifically identified automotive growth as a key driver for its revised outlook. With annual revenue of $6.32 billion and a P/E ratio of 27.12x, InvestingPro analysis reveals 12+ additional insights about Amkor’s valuation and growth prospects.
The research firm raised its CY26 estimates for Amkor to $7.2 billion in revenue and $1.50 in earnings per share, up from previous estimates of $7.05 billion and $1.25, respectively. The new price target is based on 25 times Needham’s updated CY26 EPS projection.
Needham also noted that Amkor management sees medium to long-term opportunities in mobile applications processors, radio frequency components, and advanced packaging technologies including 2.5D, high-density fan-out, and embedded bridge solutions, even before the company’s new Arizona facility becomes operational.
In other recent news, Amkor Technology Inc. reported its third-quarter 2025 financial results, which exceeded market expectations. The company posted earnings per share (EPS) of $0.51, surpassing the forecasted $0.43. Revenue for the quarter reached $1.99 billion, outstripping the anticipated $1.93 billion. These results reflect a positive performance for the company in the recent quarter. The earnings announcement has garnered attention from investors and analysts alike. Although specific analyst actions were not detailed, the positive earnings surprise might influence future analyst ratings and investor sentiment. These developments highlight Amkor Technology’s current financial health and market position.
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