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Needham Hikes Amkor Technology (AMKR) PT to $50, Cites Explosive CoWoS Demand, AI Growth
Yahoo Finance· 2026-01-09 11:31
Amkor Technology Inc. (NASDAQ:AMKR) is one of the hot tech stocks to invest in. On January 5, Needham raised the firm’s price target on Amkor Technology to $50 from $37, while keeping a Buy rating on the shares. Needham increased its 2026 demand forecast for AI wafers and pointed to significant growth in both GPUs and custom AI chips/ASICs that surfaced last quarter. The firm believes that the long-term peak for CoWoS (advanced packaging) demand will be much higher than previously estimated. Consequently, ...