Goldman Sachs Maintains Neutral on Amkor Tech, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Toshiya Hari has maintained a Neutral rating on Amkor Technology (NASDAQ:AMKR) while lowering the price target from $36 to $32.
October 29, 2024 | 4:04 pm
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NEGATIVE IMPACT
Goldman Sachs has maintained a Neutral rating on Amkor Technology but lowered the price target from $36 to $32, indicating a less optimistic outlook.
The lowering of the price target by Goldman Sachs suggests a less optimistic view on Amkor Technology's future performance, which could lead to a negative short-term impact on the stock price. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may influence investor sentiment negatively.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100