Amkor Technology price target raised to $40 from $30 at DA Davidson

Core Viewpoint - DA Davidson raised the price target on Amkor Technology (AMKR) to $40 from $30 while maintaining a Buy rating on the shares, indicating positive sentiment towards the company's performance and future prospects [1]. Financial Performance - Amkor Technology reported a solid Q3 performance, which contributed to the positive outlook from analysts [1]. Market Demand - The earnings call highlighted that several end markets are firming, suggesting a strengthening demand environment for Amkor's products [1]. - There is a rising long-term demand for the new Arizona facility, indicating potential growth opportunities for the company [1].