Amkor Technology price target raised to $65 from $50 at Needham

Needham analyst Charles Shi raised the firm’s price target on Amkor Technology (AMKR) to $65 from $50 and keeps a Buy rating on the shares after its Q4 earnings beat. Most of the reported metrics were above consensus estimates, while the FY26 CapEx outlook of $2.5B to $3B – a record not seen in Amkor’s history and well above the Street – is signaling the management’s strong conviction in outer-year advanced packaging growth, the analyst tells investors in a research note.