Needham analyst Charles Shi raised the price target on Amkor Technology (NASDAQ: AMKR) to $90.00 (from $65.00) while maintaining a Buy rating.

The analyst comments "Amkor reported solid 1Q26 results, with revenue and gross margin nicely above the Street. 2Q26 guidance exceeded our/consensus estimates. For 2026, Computing is still expected up >20%, with AI/DC-related strength offsetting weakness in PC. Automotive/Industrial is likely the second strongest segment, and Communications is expected up high-single to low double digits (thanks to exposure to iOS), whereas Consumer is likely to be a laggard and flat to up low single digits. On the flip side, management expects OM dilution due to Arizona ramp-up costs flowing through OpEx next year. Our estimates are revised higher for 2026 and (to a lesser degree) for 2027. Our PT is raised to $90. Maintain Buy."