Amkor Technology price target raised to $43 from $38 at Goldman Sachs

Goldman Sachs raised the firm’s price target on Amkor Technology (AMKR) to $43 from $38 and keeps a Neutral rating on the shares. The stock is expected to move modestly higher after a quarter that beat Street expectations despite elevated pre-print optimism, the analyst tells investors in a research note. Strength was supported by constructive positioning around Chip-on-Wafer-on-Substrate-related spending, continued execution on advanced packaging for AI datacenters, and solid operational progress including Vietnam reaching break-even and Phase 1 construction at the Arizona campus, the firm says.