KeyBanc raised the firm’s price target on Advanced Energy (AEIS) to $240 from $195 and keeps an Overweight rating on the shares. The firm notes the company reported a strong beat and guide before a bullish call. Datacenter was the highlight, which will be up 2-times this year and 25%-30% next year.
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Read More on AEIS:
- Balanced Outlook on Advanced Energy: Strong Growth Amid Valuation Concerns and Macroeconomic Risks
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- Advanced Energy reports Q3 adjusted EPS $1.74, consensus $1.47
- Advanced Energy sees Q4 adjusted EPS $1.50-$2.00, consensus $1.53
- Advanced Energy price target raised to $210 from $175 at Stifel