Amprius Technologies price target raised to $21 from $17 at Craig-Hallum

Craig-Hallum raised the firm’s price target on Amprius Technologies (AMPX) to $21 from $17 and keeps a Buy rating on the shares. Amprius reported Q4 results ahead of expectations, with record quarterly revenue, 137% year over year growth, and positive EBITDA for the first time, while FY25 revenue grew over 200% y/y, the analyst tells investors in a research note. Strong performance is driven by its proprietary silicon anode lithium-ion batteries, expanding customer base, robust contract manufacturing capabilities, and exposure to high-growth markets including drones, satellites, light EVs, robotics, and eVTOL, the firm says.