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Advanced Energy price target raised to $120 from $98 at Susquehanna

Susquehanna raised the firm’s price target on Advanced Energy (AEIS) to $120 from $98 and keeps a Neutral rating on the shares. The firm updated estimates following its 2Q25 earnings report where its Hyperscaler design wins have begun to ramp, resulting in DC revenues nearly doubling year-over year.

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