BofA raises target for ASE Technology stock to USD 58

Published on 10/14/2026 at 11:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter revenue reached USD 7.64 billion, up 34.90 percent year over year. ASE Technology stock costs EUR 41.90 in trading on October 14, 2026.

Target change and growth data

BofA raised its ASE Technology target from USD 51 to USD 58 on October 13, 2026.
Third-quarter revenue reached USD 7.64 billion, up 34.90 percent year over year.
ASE Technology stock trades at EUR 41.90 at 11:08 a.m. CEST at Lang & Schwarz on October 14, 2026.

ASX, US00215W1009, Illustration mit AI erstellt.

ASE Technology stock (ISIN US00215W1009) was at EUR 41.90 at Lang & Schwarz on October 14, 2026 at 11:08 a.m. CEST. On October 13, 2026, Investing.com reported that BofA Securities raised its target from USD 51 to USD 58 while maintaining a Buy rating. The change followed stronger third-quarter sales.

Revenue accelerates in the third quarter

PR Newswire, carrying ASE Technology's October 12, 2026 release, reported unaudited third-quarter 2026 consolidated revenue of USD 7.642 billion. That was up 34.90 percent from USD 5.663 billion in the third quarter of 2025 and 26.30 percent from USD 6.050 billion in the second quarter of 2026.

The assembly, testing and materials business generated USD 4.741 billion in third-quarter 2026 revenue, up 40.60 percent year over year and 18.70 percent quarter over quarter, according to the same company release. The figures give the analyst revision a measurable operating base rather than a purely valuation-driven rationale.

What does the target change reflect?

Investing.com said BofA cited third-quarter sales growth of 28.00 percent quarter over quarter, with IC ATM revenue rising 20.00 percent quarter over quarter against a 13.00 percent estimate. EMS revenue increased 42.00 percent quarter over quarter, compared with BofA's 40.00 percent projection.

The same analysis identified packaging and testing price increases, tighter industry supply and the LEAP business ramp as factors behind the IC ATM performance. It also projected IC ATM gross margin at 30.00 percent, compared with the company's high-20-percent guidance range.

Three dated developments

On October 12, 2026, ASE Technology released third-quarter revenue of USD 7.642 billion. On October 13, 2026, BofA raised its target from USD 51 to USD 58. On October 14, 2026, the Lang & Schwarz quote stood at EUR 41.90 at 11:08 a.m. CEST.

Next reporting date

MarketBeat lists October 29, 2026 as the estimated date for ASE Technology's third-quarter earnings announcement before the market opens, with a conference call scheduled for 3:00 a.m. ET. The page gives a consensus revenue estimate of USD 7.21 billion for that quarter.

Stock price and listing

ASE Technology's primary listing is on the NYSE under ticker ASX. The finance quote for October 13, 2026 showed a last price of USD 47.60 at 4:00 p.m. ET, a market capitalization of USD 104.7 billion and a 52-week range of USD 11.77 to USD 47.93. The separate euro quote at Lang & Schwarz was EUR 41.90 on October 14, 2026 at 11:08 a.m. CEST.

The further course of trading is shown by the continuously updated real-time quote of ASE Technology stock.