B. Riley raised the firm’s price target on Amprius Technologies (AMPX) to $11 from $10 and keeps a Buy rating on the shares. The company reported a Q2 beat with positive margins as it benefits from increasing drone demand, the analyst tells investors in a research note.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AMPX:
- Amprius Technologies Inc: Positioned for Growth in the Drone Battery Market with Strategic Initiatives and Strong Financial Health
- Amprius Technologies price target raised to $18 from $10 at H.C. Wainwright
- Amprius Technologies Reports Record Q2 Revenue Growth
- Amprius options imply 12.0% move in share price post-earnings
- Amprius Technologies price target raised to $10 from $6 at Roth Capital