Advanced Energy price target raised to $135 from $125 at Benchmark

Benchmark analyst Mark Miller raised the firm’s price target on Advanced Energy (AEIS) to $135 from $125 and keeps a Buy rating on the shares. The firm sees a rebound for Advanced Energy in 2025, driven by continued expected strength in AI-related data center sales, a recovery in some other end markets, several design wins and new products driving share gains, says the analyst. The firm projects non-GAAP 2025 earnings to grow 57% year-over-year to $5.63, the analyst noted.