Benchmark Co. analyst Mark Miller has maintained their bullish stance on AEIS stock, giving a Buy rating today.
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Mark Miller’s rating is based on several positive indicators for Advanced Energy’s future performance. The company reported record sales in the Data Center segment, which significantly increased year-over-year and sequentially, suggesting strong momentum that is expected to continue. The firm anticipates a 17% year-over-year sales growth in 2025, with margins improving to around 40% by the end of the year, which indicates a robust financial outlook.
Additionally, Advanced Energy has made progress in the Semiconductor sector with new design wins and expects revenue from new platforms to more than double year-over-year in 2025. The Industrial and Medical segments also show signs of recovery, with increased backlog and distribution sell-in, alongside record design wins in various fields. These factors contribute to the anticipated growth in earnings and justify the Buy rating with a target price of $150.
According to TipRanks, Miller is a 5-star analyst with an average return of 16.0% and a 52.81% success rate. Miller covers the Technology sector, focusing on stocks such as Onto Innovation, ACM Research, and SanDisk Corp.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $160.00 price target.