Amprius Technologies Inc (AMPX – Research Report), the Industrials sector company, was revisited by a Wall Street analyst yesterday. Analyst Amit Dayal from H.C. Wainwright maintained a Buy rating on the stock and has a $10.00 price target.
Amit Dayal’s rating is based on Amprius Technologies Inc’s impressive revenue growth and strategic positioning in the market. The company reported a significant year-over-year revenue increase of 170% for the fourth quarter of 2024, surpassing expectations. This growth is attributed to the addition of new customers and increased sales to existing ones, indicating strong market demand for their products.
Furthermore, the SiCore product line is emerging as a key driver of revenue and margins due to its lower manufacturing costs and superior performance. Despite potential challenges related to trade and tariffs, Amprius is taking proactive steps to diversify its supply chain, which should help mitigate risks. The company’s strategic focus on high-performance electric mobility markets, such as aviation and electric vehicles, positions it well for continued growth, supporting the Buy rating.
In another report released today, Oppenheimer also maintained a Buy rating on the stock with a $15.00 price target.
Based on the recent corporate insider activity of 33 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 AMPX in relation to earlier this year.