Analyst from Susquehanna maintained a Hold rating on Advanced Energy and increased the price target to $120.00 from $98.00.
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Susquehanna’s rating is based on a combination of factors, including Advanced Energy’s recent financial performance and future outlook. The company reported revenue and earnings per share for the June quarter that surpassed consensus expectations, largely due to robust performance in the Data Center segment. The growth in this area was fueled by significant wins in hyperscaler designs, leading to a near doubling of year-over-year revenues.
Despite these positive developments, Susquehanna has opted for a Hold rating, possibly due to the inherent risks and uncertainties in the market. While Advanced Energy expects the momentum to continue into 2026 with new program wins, the potential downside risks, ranging from $80.00 to $150.00, suggest a cautious approach. The updated price target of $120.00 reflects a balanced view of the company’s growth prospects and the challenges it may face.
In another report released today, TD Cowen also maintained a Hold rating on the stock with a $140.00 price target.