AMKR Price Prediction Next Week
Technical Analysis: AMKR's stock has shown a downward trend over the past week, declining from $30.67 to $22.89 . The stock is currently trading below its recent support levels.
News Sentiment & Analyst Ratings:
- KeyBanc maintains Buy rating with a price target of $28.61, suggesting a 32.48% upside
- JP Morgan lowered price target to $30 while maintaining Overweight rating
- Morgan Stanley lowered price target to $24 with Equal-Weight rating
Price Prediction for Next Week: Based on technical indicators and recent analyst actions, here are the projected price levels:
Support levels: $22.34 (recent low) Resistance levels: $24.50 (near-term)
Expected price range for next week: $22.50 - $24.80
Target price: $23.75
Trading Recommendation: BUY Rationale:
- Multiple analysts maintain positive ratings despite price target adjustments
- Stock showing signs of stabilization after recent decline
- Validea's Low PE Investor model upgraded AMKR rating significantly due to strong fundamentals
- Current price levels present attractive entry point given analyst consensus targets
Entry point: $22.90-23.20 Stop loss: $22.20 Take profit: $24.50
AMKR Similar Chart Price Prediction
The price of AMKR is predicted to go up 6.68%, based on the high correlation periods with DHX. The similarity of these two price pattern on the periods is 96.24%.
AMKR
DHX
Up: 6.68%Similarity: 96.24%
AMKR Revenue Forecast
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AMKR Analyst's Forecast
Craig Ellis
B. Riley Securities
Strong Buy
2025-02-11
Price Target
$38 → $32
Upside
+46.45%
Reports Q4 revenue $1.63B, consensus $1.66B. "In 2024, weakness in the automotive and industrial and communications end markets contributed to a full year decline. In contrast, we achieved record revenue in our computing end market with growth in ARM-based PCs and AI devices," said Giel Rutten, Amkor's president and chief executive officer. "During the year, we also successfully ramped our new facility in Vietnam, secured CHIPS funding to bolster U.S. manufacturing, and set a new record for Advanced SiP revenue. We remain confident in our long-term strategy and continue to invest in technology for advanced packaging and our broad geographic footprint with a focus on industry megatrends."
Peter Peng
JP Morgan
Buy
2025-02-11
Price Target
$42 → $30
Upside
+37.3%
Joseph Moore
Morgan Stanley
Hold
2025-02-11
Price Target
$26 → $24
Upside
+9.84%
