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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