Needham Maintains Buy on Amkor Tech, Lowers Price Target to $34
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi maintains a Buy rating on Amkor Tech (NASDAQ:AMKR) but lowers the price target from $45 to $34.
October 29, 2024 | 11:03 am
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NEUTRAL IMPACT
Needham analyst Charles Shi continues to recommend buying Amkor Tech stock but has reduced the price target from $45 to $34, indicating a more conservative outlook.
The maintained Buy rating suggests continued confidence in Amkor Tech's prospects, but the lowered price target reflects a more cautious stance on its valuation. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100