Needham analyst James Ricchiuti raised the firm’s price target on Advanced Energy (AEIS) to $188 from $155 and keeps a Buy rating on the shares. The firm is optimistic about the company’s prospects looking to 2026 given expectations of ongoing strength in the company’s Data Center Computing business and a gradual recovery in the Industrial & Medical business, which appears under way, the analyst tells investors in a research note. With encouraging tailwinds from new products, Advanced Energy is positioned to outperform the broader WFE market in 2026, the firm added.
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