BofA raises target to USD 58 for ASE Technology stock

Published on 10/13/2026 at 16:35 | 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 41.70 on October 13, 2026.

Analyst target and quarterly revenue

BofA Securities raised its ASE Technology target to USD 58 from USD 51 on October 13, 2026.
Third-quarter revenue reached USD 7.64 billion, up 34.90 percent year over year.
ASE Technology stock costs EUR 41.70 at Lang & Schwarz on October 13, 2026 at 4:30 p.m. CEST.
ASE Technology is scheduled to report third-quarter results on October 29, 2026.

ASX, US00215W1009, Illustration mit AI erstellt.

BofA Securities raised its price target for ASE Technology stock to USD 58 from USD 51 on October 13, 2026, according to Investing.com. The new target lies 24.20 percent above the NYSE price of USD 46.70. ASE Technology was trading at EUR 41.70 at Lang & Schwarz on October 13, 2026 at 4:30 p.m. CEST.

Revenue accelerates in the third quarter

ASE Technology reported unaudited third-quarter 2026 revenue of USD 7.64 billion, up 34.90 percent from USD 5.66 billion in the third quarter of 2025. The same release put revenue at NT$244,161 million, 27.80 percent above the second-quarter 2026 figure of NT$191,064 million.

The assembly, testing and materials business generated USD 4.74 billion in the third quarter of 2026, compared with USD 3.37 billion in the third quarter of 2025. That 40.60 percent increase was stronger than the group's overall year-over-year revenue growth.

Stock stays near its yearly high

On the NYSE, ASE Technology was last at USD 46.70 on October 13, 2026 at 10:33 a.m. ET. Its 52-week range was USD 11.21 to USD 47.93, leaving the stock 2.57 percent below the high.

The company had a market capitalization of USD 102.8 billion on October 13, 2026. The price-to-earnings ratio was 55.02, putting the valuation metric above Amkor Technology's 21.00 and below the much larger Taiwan Semiconductor Manufacturing Company's 28.86 only when measured by the reported figures from the same market-data snapshot.

Results date approaches

ASE Technology is scheduled to report third-quarter results on October 29, 2026, according to MarketBeat. The date gives investors a defined checkpoint after the strong monthly revenue update, while the BofA target places the next valuation debate around whether packaging and testing demand can sustain the recent growth rate.

Price and valuation in view

At Lang & Schwarz, ASE Technology was trading at EUR 41.70 on October 13, 2026 at 4:30 p.m. CEST. The NYSE quotation was USD 46.70 at 10:33 a.m. ET, and the two prices are stated separately because they refer to different venues and currencies. The further course of trading is shown by the continuously updated real-time quote of ASE Technology stock.