Analysts Are Increasing Price Targets of These 5 Stocks

04. Advanced Energy Industries, Inc. (NASDAQ:AEIS)

Upside Potential: 19%

Analyst Steve Barger from Keybanc continues to support Advanced Energy Industries, Inc. (NASDAQ:AEIS) with a positive outlook and has increased the price target from $105 to $125 on June 23. The stock’s closing price on June 23 was $105.10; thus, with a new target price of $125, it has an upside potential of 19%.

Here is what Baron Funds specifically said about Advanced Energy Industries, Inc. (NASDAQ:AEIS) in its Q2 2022 investor letter:

“Advanced Energy Industries, Inc. (NASDAQ:AEIS) is a designer and manufacturer of power components that ensure precision power delivery for end-market applications including semiconductor manufacturing, medical procedures, and data center equipment. At May 11, 2022, Advanced Energy was trading for only 9 times 2022 and 6 times 2023 cash flow for a high-quality industrial company growing 7% to 10% on a normalized basis, without including accretive mergers and acquisitions.”