BofA raises target for ASE Technology stock to USD 58

Published on 10/19/2026 at 09:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA raised its target to USD 58 from USD 51 on October 13, 2026. ASE Technology stock trades at EUR 36.70 on October 19, 2026.

AI packaging expands ahead of results

BofA raised its ASE Technology target from USD 51 to USD 58 on October 13, 2026.
Third-quarter revenue reached USD 7.642 billion, up 34.90 percent year over year.
ASE Technology stock trades at EUR 36.70 at 9:42 a.m. CEST at Lang & Schwarz on October 19, 2026.
ASE Technology is scheduled to report third-quarter results on October 29, 2026.

ASX, US00215W1009, Illustration mit AI erstellt.

ASE Technology stock (ISIN US00215W1009) trades at EUR 36.70 at Lang & Schwarz on October 19, 2026 at 9:42 a.m. CEST. BofA Securities raised its price target from USD 51 to USD 58 on October 13, 2026, according to Investing.com.

Target rises on stronger sales

The BofA update followed ASE Technology's third-quarter sales performance. The company reported consolidated revenue of USD 7.642 billion for the third quarter of 2026, up 34.90 percent from the third quarter of 2025 and 26.30 percent from the second quarter of 2026, according to PR Newswire.

Three dates show the shift

On October 12, 2026, ASE Technology reported third-quarter consolidated revenue of NT$244.161 billion, up 44.80 percent year over year, per PR Newswire. On October 13, 2026, ASE expanded its PowerSiP platform with a 3D system-in-package solution designed for AI data centers, with parasitic routing losses reduced by 50 percent or more, according to ASE Holdings. On the same date, BofA raised its target to USD 58 from USD 51, as reported by Investing.com.

What does the order mean for margins?

The latest revenue mix gives the packaging, testing and materials business the clearest operating signal. ATM revenue reached USD 4.741 billion in the third quarter of 2026, up 40.60 percent year over year, while consolidated revenue grew 34.90 percent. BofA said IC ATM revenue rose 20.00 percent quarter over quarter against its 13.00 percent estimate, while EMS revenue increased 42.00 percent against a 40.00 percent projection, according to Investing.com. That comparison explains why the analyst target moved higher, but the next report must show whether the sales pace is translating into sustained margin expansion.

Results date is October 29

ASE Technology is scheduled to report its third-quarter 2026 results on October 29, 2026, according to Simply Wall St. The release should provide the next quantified test of packaging demand, ATM growth and the effect of the PowerSiP expansion.

Stock price and valuation

ASE Technology's primary listing is on the NYSE under ticker ASX. The stock's market capitalization was USD 86.9 billion on October 16, 2026, while its 52-week range was USD 12.31 to USD 47.93. The current German-market indication places the euro quote below the upper end of that foreign-currency range, so the two figures are not used for a direct percentage comparison.

ASE Technology stock was trading at EUR 36.70 at Lang & Schwarz on October 19, 2026 at 9:42 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of ASE Technology stock.