KeyBanc analyst Steve Barger lowered the firm’s price target on Amkor Technology (AMKR) to $27 from $34 and keeps an Overweight rating on the shares. The firm notes shares were down low double digits following the company’s Q4 results, guidance, and cautious 2025 outlook. KeyBanc thinks the weakness stemmed from Communications softness due to the temporary loss of a socket on the iOS platform, and continued weakness and low visibility in automotive.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMKR:
- Amkor Technology’s Earnings Call: Mixed Sentiments and Strategic Moves
- Amkor Technology price target lowered to $32 from $38 at B. Riley
- Amkor Technology price target lowered to $24 from $26 at Morgan Stanley
- Amkor Positioned for Growth: Buy Rating Supported by Future Prospects in High-End Smartphone Market
- Amkor Technology price target lowered to $24 from $30 at Melius Research