Here's Why Analyst Believes AI Will Bolster Data Center Growth For Advanced Energy Industries
Portfolio Pulse from Lekha Gupta
KeyBanc Capital Markets analyst Steve Barger raised the price target of Advanced Energy Industries Inc (NASDAQ:AEIS) to $125 from $105 and reiterated an Overweight rating. Barger expects growth and diversification in the near term from the company's focus on Industrial and Medical end markets, and a substantial cyclical recovery in its semi-focused business. AI is also believed to facilitate data center growth in the long term.
June 23, 2023 | 5:16 pm
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Advanced Energy Industries' price target has been raised to $125 by KeyBanc analyst Steve Barger, who expects growth in Industrial and Medical markets and AI-driven data center growth.
The raised price target and Overweight rating by KeyBanc analyst Steve Barger indicate a positive outlook for Advanced Energy Industries. Barger's expectations of growth in Industrial and Medical markets, as well as AI-driven data center growth, suggest a potential increase in the company's stock price in the short term.
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