Advanced Energy price target lowered to $124 from $128 at Baird
The Fly

Advanced Energy price target lowered to $124 from $128 at Baird

Baird lowered the firm’s price target on Advanced Energy (AEIS) to $124 from $128 and keeps an Outperform rating on the shares. The firm said they trimmed their CY25E modestly on lower initial 2025E WFE expectations, and the company sees Semi accelerating in 2H25/2026, and sounded confident on NPI-driven Semi share gains. Operating leverage is positioned to amplify sales re-acceleration, keeping Baird’s thesis fully in tact.

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