Goldman Sachs Initiates Coverage On Amkor Tech with Neutral Rating, Announces Price Target of $32
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari initiates coverage on Amkor Tech (NASDAQ:AMKR) with a Neutral rating and a price target of $32.

February 29, 2024 | 11:04 am
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NEUTRAL IMPACT
Goldman Sachs initiated coverage on Amkor Tech with a Neutral rating and set a price target of $32.
The initiation of coverage by a major financial institution like Goldman Sachs generally brings additional attention to a stock. However, the Neutral rating suggests that Goldman Sachs views AMKR's stock as fairly valued at its current price, implying limited short-term price movement. The price target of $32 provides a reference point for investors but does not strongly suggest significant upside or downside, hence the neutral impact score.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100