Amkor Technology price target lowered to $42 from $48 at JPMorgan

JPMorgan lowered the firm’s price target on Amkor Technology (AMKR) to $42 from $48 and keeps an Overweight rating on the shares. Amkor reported slightly better September quarter results, reflecting a seasonal smartphone ramp combined with continued artificial intelligence packaging momentum while auto and industrial demand trends remain muted, the analyst tells investors in a research note. The firm reduced forward estimates but sees gradually improving trends in 2025.