Amprius Technologies: A High-Reward Bet on Battery Innovation
Northland analyst Ted Jackson has significantly boosted the price target for Amprius Technologies (AMPX) to $10, up from $4, while maintaining an Outperform rating. This bold move comes as the analyst designates AMPX as a top pick for 2025.
Revenue Projections Soar
The firm anticipates a substantial revenue growth, forecasting $21.2 million in full-year 2024 sales. Moreover, they predict a remarkable 285% surge in total sales to $81.8 million in FY25. Jackson describes Amprius as a “high-risk-high-reward play on battery technology,” making it an attractive option for investors seeking innovative opportunities.
Market Reaction
Amprius shares have responded positively to the news, surging $1.03, or 34%, to $4.06 in Friday morning trading. This significant uptick demonstrates the market’s confidence in the company’s potential.
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