Needham analyst Charles Shi raised the firm’s price target on Amkor Technology (AMKR) to $28 from $22 and keeps a Buy rating on the shares. Amkor reported a strong beat-and-raise quarter despite the “blemish” in gross margin guidance, and sees Communications revenue growing in strong double digits sequentially, the analyst tells investors in a research note.
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Read More on AMKR:
- Amkor’s Mixed Prospects: Strong Revenue Growth Amidst Margin Challenges Lead to Hold Rating
- Amkor’s Strong Quarter and Optimistic Outlook Lead to Buy Rating
- Amkor Technology Reports Strong Q2 2025 Performance
- Amkor Technology reports Q2 EPS 22c, consensus 16c
- Amkor Technology sees Q3 EPS 34c-48c, consensus 44c