ASE Technology Holding stock gets a higher Morgan Stanley target

Published on 10/07/2026 at 16:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASE Technology Holding stock carries Morgan Stanley's TWD 308 target after a TWD 80 increase on October 6, 2026. Q2 revenue reached TWD 191.06 billion before the October 29 report.

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ASE Technology Holding stock was trading at USD 45.83 on the NYSE on October 7, 2026 at 10:50 a.m. ET, down 2.03 percent. The immediate catalyst is an analyst upgrade to the valuation case: iMedia reported on October 6, 2026 that Morgan Stanley raised its target from TWD 228 to TWD 308 while reiterating a Buy rating.

Morgan Stanley raises the target

The TWD 80 increase reflects Morgan Stanley's view that advanced packaging demand is improving ASE Technology's pricing power and earnings outlook. The target is based on a 15 times multiple of estimated 2027 earnings, according to iMedia.

The report also puts the company's advanced packaging and testing revenue contribution at USD 3.5 billion for 2026, above prior company guidance of more than USD 2.6 billion. That estimate is tied to artificial intelligence chip demand, but it also leaves execution and capacity expansion as important variables.

Q2 figures support the case

ASE Technology reported TWD 191.06 billion in second-quarter 2026 revenue and TWD 21.07 billion in earnings, according to Yahoo Finance. The same overview shows GAAP EPS of USD 0.29 against a USD 0.20 estimate, a USD 0.09 beat equal to 45 percent.

The next test is the September-quarter report. Yahoo Finance lists October 29, 2026 as the next earnings date, giving investors a fixed checkpoint for revenue growth, packaging volumes and margin performance.

Consensus target stays above the quote

Gekko lists a Buy consensus from one covering firm and an average 12-month target of USD 51.00. Against the USD 45.83 NYSE price, that target lies 11.3 percent above the price, while the current quotation remains USD 2.10 below the 52-week high of USD 47.93.

Stock trades below its yearly high

ASE Technology Holding stock was last at USD 45.83 on the NYSE on October 7, 2026 at 10:50 a.m. ET, with a daily range of USD 45.23 to USD 46.04 and a 52-week range of USD 11.07 to USD 47.93. The market capitalization was USD 100.8 billion and volume was 1,300,624 shares.