What 4 Analyst Ratings Have To Say About Amkor Tech
Portfolio Pulse from Benzinga Insights
Four analysts have recently updated their ratings on Amkor Technology Inc (NASDAQ:AMKR), showing a shift towards a more bullish stance over the last three months. The average 12-month price target is now $39.25, down 8.72% from the previous $43.00. The ratings include three 'Buy' and one 'Neutral', with price targets ranging from $32.00 to $45.00. Amkor Tech's financial health indicators such as market capitalization, revenue growth, net margin, ROE, ROA, and debt management are also discussed, highlighting its performance relative to industry standards.
April 30, 2024 | 1:01 pm
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POSITIVE IMPACT
Amkor Technology Inc has seen a positive shift in analyst sentiment, with an updated average price target of $39.25, indicating a bullish outlook despite a slight decrease from the previous target. The company's strong financial health metrics, including revenue growth, net margin, ROE, ROA, and debt management, suggest a robust performance relative to the industry.
The increase in bullish ratings and maintenance of 'Buy' recommendations by analysts, coupled with a strong financial performance and prudent debt management, suggest a positive short-term impact on AMKR's stock price. The slight decrease in the average price target may reflect market adjustments rather than a negative outlook, indicating a cautiously optimistic view.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100