Amkor Technology price target raised to $38 from $29 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Amkor Technology (AMKR) to $38 from $29 and keeps a Neutral rating on the shares. Investors are expected to focus on Amkor’s utilization recovery, cost-reduction impact on margins, and 2.5D-related revenue growth, with optimism around Chip-on-Wafer-on-Substrate spending, the analyst says. Key areas of attention include 2.5D revenue into 2H26, gross margin trends, particularly from Japan footprint rationalization and mainstream recovery, and timing/funding for the new Arizona facility, the firm adds.