Reported about 19 hours ago
Goldman Sachs has initiated coverage of Amkor Technology (AMKR) with a Neutral rating and a price target of $20, citing a stable revenue outlook as the semiconductor industry is currently in a mid-cycle phase. While the analyst notes limited near-term upsides and no significant downsides, he views China more as an opportunity, potentially boosting demand in consumer electronics. Additionally, while Amkor isn't directly involved in the storage market, growth in memory could indirectly benefit the company.
Source: YAHOO