As previously reported, Needham analyst James Ricchiuti upgraded Advanced Energy (AEIS) to Buy from Hold with a $145 price target Street estimates for Q4 and 2025 “appear reasonable,” says the analyst, who believes there are enough catalysts over next 12 months to warrant the upgrade and predicts stronger EPS growth In 2025 and 2026. The firm believes the set-up entering 2025 favors recovery in industrial and medical, along with stronger growth in semi looking out to the second half and continued strength in data center, the analyst added.
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