Advanced Energy, the Industrials sector company, was revisited by a Wall Street analyst today. Analyst James Ricchiuti from Needham reiterated a Buy rating on the stock and has a $155.00 price target.
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James Ricchiuti has given his Buy rating due to a combination of factors that highlight Advanced Energy’s strong performance and promising outlook. The company reported an impressive second quarter, driven by significant growth in its Data Center Computing segment, which exceeded expectations and contributed to a favorable guidance for the third quarter.
Additionally, while the growth in the Semiconductor sector is expected to be moderate, the substantial year-over-year increase in the Data Center Computing business and signs of recovery in the Industrial & Medical segment provide a balanced and optimistic view. The company’s revenue and earnings for the second quarter surpassed both guidance and market consensus, leading to an upward revision of revenue and earnings estimates for the latter half of 2025 and into 2026.
In another report released today, KeyBanc also reiterated a Buy rating on the stock with a $160.00 price target.