DA Davidson Reiterates Buy Rating on Amkor Technology (AMKR)

DA Davidson analyst Thomas Diffely reiterated a Buy rating and $30.00 price target on Amkor Technology (NASDAQ: AMKR).

The analyst commented, "At first glance the 3Q outlook was quite mixed: revenue upside more than offset by softer than expected margins and an earnings miss. However, when you peek under the covers and see that these margins were impacted by a faster than expected capacity ramp of the high density fan-out technology required for high performance compute (HPC), it becomes clear that AMKR is extremely well positioned to outgrow the market and post meaningful operating leverage in the quarters and years ahead. We reiterate our BUY rating and $30 PT (~16x 2026 EPS plus net cash)."

For an analyst ratings summary and ratings history on Amkor Technology click here. For more ratings news on Amkor Technology click here.

Shares of Amkor Technology closed at $21.23 yesterday.

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