BofA raises target for ASE Technology stock from USD 51 to USD 58

Published on 10/21/2026 at 11:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

ASE Technology stock trades at EUR 37.30 on October 21, 2026. Third-quarter revenue reached USD 7.642 billion, up 34.9 percent year over year.

Revenue and analyst signals

BofA raised its ASE Technology target from USD 51 to USD 58 on October 13, 2026.
Third-quarter 2026 revenue reached USD 7.642 billion, up 34.9 percent year over year.
ASE Technology stock traded at EUR 37.30 at 11:10 a.m. CEST at Lang & Schwarz on October 21, 2026.

ASX, US00215W1009, Illustration mit AI erstellt.

ASE Technology (ISIN US00215W1009) is trading at EUR 37.30 at Lang & Schwarz on October 21, 2026 at 11:10 a.m. CEST. Investing.com reported on October 13, 2026 that BofA Securities raised its target from USD 51 to USD 58 and maintained a Buy rating.

Revenue accelerates in the third quarter

Yahoo Finance carried ASE Technology's October 12, 2026 release showing third-quarter 2026 consolidated revenue of USD 7.642 billion. That was up 34.9 percent from the third quarter of 2025 and 26.3 percent from the second quarter of 2026.

The assembly, testing and material business generated USD 4.741 billion in third-quarter 2026 revenue, an increase of 40.6 percent year over year. September revenue reached USD 2.777 billion, up 39.2 percent year over year, giving the quarterly result a broader monthly confirmation.

Three dated signals shape valuation

On October 12, 2026, ASE Technology reported USD 7.642 billion in third-quarter revenue. On October 13, 2026, BofA lifted its target from USD 51 to USD 58, according to Investing.com. On October 21, 2026, the euro quotation stood at EUR 37.30 at Lang & Schwarz.

What does revenue mean for margins?

BofA expects ASE Technology's consolidated gross margin to reach 23 percent in the third quarter, up 180 basis points quarter over quarter, while IC ATM gross margin is projected at 30 percent, up 300 basis points. The same assessment links the improvement to higher packaging and testing utilization, pricing and the LEAP business ramp. The company's release also identifies cyclicality, demand conditions and regulatory changes as risks.

Next reporting date is October 29

ASE Technology is scheduled to report third-quarter 2026 results on October 29, 2026, according to Gekko. The upcoming report will test whether the strong revenue pace translates into the margin improvement anticipated by BofA.

Stock price stays tied to the earnings test

ASE Technology was trading at EUR 37.30 at Lang & Schwarz on October 21, 2026 at 11:10 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ASE Technology stock.