Analyst Explains Why They Upgraded Their Rating on Advanced Energy (AEIS)
December 17 2021 - 06:15AM
TipRanks
Needham analyst Quinn Bolton upgraded Advanced Energy (AEIS –
Research Report) to Buy today and set a price target of $120.00.
The company's shares closed last Thursday at $84.93, close to its
52-week low of $81.71. According to TipRanks.com, Bolton is a top
25 analyst with an average return of 52.8% and a 80.6% success
rate. Bolton covers the Technology sector, focusing on stocks such
as MACOM Technology Solutions Holdings, Ultra Clean Holdings, and
Allegro MicroSystems. The word on The Street in general, suggests a
Moderate Buy analyst consensus rating for Advanced Energy with a
$106.29 average price target.
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Advanced Energy Industries (NASDAQ:AEIS)
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