Advanced Energy’s Strong Growth Prospects Justify Buy Rating with $150 Target Price

Benchmark Co. analyst Mark Miller has maintained their bullish stance on AEIS stock, giving a Buy rating today.

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.