Amkor Technology Shares Rise After Analysts Lift Price Targets Following Q2 Earnings, Outlook

MT Newswires Live

07/29

Amkor Technology (AMKR) shares were up almost 19% in recent Tuesday trading after multiple brokerages raised their respective price targets following the company's Q2 results.

Morgan Stanley raised its price target to $20 from $19 and maintained an equalweight rating on Amkor Technology, while B. Riley moved its price target to $24 from $18 with a neutral rating on the company.

UBS raised its price target to $25 from $23 while maintaining a buy rating on the stock.

Amkor Technology reported Monday Q2 earnings and revenue that beat analyst expectations. The company said it expects Q3 earnings per share of $0.34 to $0.48 on sales of $1.88 billion to $1.98 billion with analysts polled by FactSet expecting EPS of $0.43 on sales of $1.76 billion.

Price: 25.18, Change: +3.95, Percent Change: +18.61

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Riley</a> moved its price target to $24 from $18 with a neutral rating on the company.</p><p>UBS raised its price target to $25 from $23 while maintaining a buy rating on the stock.</p><p>Amkor Technology reported Monday Q2 earnings and revenue that beat analyst expectations. 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Riley</a> moved its price target to $24 from $18 with a neutral rating on the company.</p><p>UBS raised its price target to $25 from $23 while maintaining a buy rating on the stock.</p><p>Amkor Technology reported Monday Q2 earnings and revenue that beat analyst expectations. 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Riley moved its price target to $24 from $18 with a neutral rating on the company.UBS raised its price target to $25 from $23 while maintaining a buy rating on the stock.Amkor Technology reported Monday Q2 earnings and revenue that beat analyst expectations. The company said it expects Q3 earnings per share of $0.34 to $0.48 on sales of $1.88 billion to $1.98 billion with analysts polled by FactSet expecting EPS of $0.43 on sales of $1.76 billion.Price: 25.18, Change: +3.95, Percent Change: +18.61","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":1,"need_auth":false,"code":"91000000","status":"200"}}}