Key Takeaways From Amkor Tech Analyst Ratings
Portfolio Pulse from Benzinga Insights
Analysts have varied ratings for Amkor Tech (NASDAQ:AMKR), with recent price targets averaging $33, down from $39.33. Analysts from Keybanc, Morgan Stanley, and Needham have lowered their price targets, reflecting a cautious outlook. Amkor Tech faces challenges with below-industry-average net margin, ROE, and ROA, despite a positive revenue trend.
October 29, 2024 | 3:01 pm
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NEGATIVE IMPACT
Amkor Tech's average price target has decreased to $33, with analysts from Keybanc, Morgan Stanley, and Needham lowering their targets. The company faces challenges with below-industry-average net margin, ROE, and ROA, despite a positive revenue trend.
The decrease in the average price target from $39.33 to $33 indicates a negative sentiment among analysts. The lowering of price targets by major firms like Keybanc, Morgan Stanley, and Needham suggests a cautious outlook. Additionally, Amkor Tech's financial metrics such as net margin, ROE, and ROA are below industry standards, which could impact investor confidence negatively in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100