James Ricchiuti, an analyst from Needham, reiterated the Buy rating on Advanced Energy. The associated price target was raised to $188.00.
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James Ricchiuti has given his Buy rating due to a combination of factors that highlight Advanced Energy’s promising future. The company is expected to see significant growth in its Data Center Computing segment, which has already shown a remarkable year-over-year increase. Additionally, there is an anticipated recovery in the Industrial & Medical business, which is beginning to show positive signs.
Ricchiuti also points to the potential for Advanced Energy to outperform the broader WFE market by 2026, supported by new product developments and operational improvements. The company’s diverse precision power portfolio across various markets, coupled with ongoing momentum and strategic enhancements, suggests a favorable outlook for revenue and margin growth, provided geopolitical tensions ease. Consequently, the price target has been raised, reinforcing the Buy recommendation.
In another report released on October 10, KeyBanc also maintained a Buy rating on the stock with a $195.00 price target.
Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of AEIS in relation to earlier this year.