BofA Initiates Diodes with Buy Rating and $135 Price Target

Key Facts

1Bank of America initiated coverage on Diodes with a 'Buy' rating and a $135 price target.

2The bank expects the company's EPS to grow at a 58% annual rate from 2026 to 2028, outpacing analog chip peers.

Bank of America initiated coverage on Diodes with a 'Buy' rating and a $135 price target. Reuters reported that the bank expects the company's earnings per share to grow at a 58% annual rate from 2026 to 2028, outpacing the 35% forecast for analog chip peers.

DIOD closed at $103.53 on October 5, 2026, prior to the bank's report which highlighted that AI data center sales could triple by 2030. Analysts cited potential upside to gross margins in the second half of 2026 and 2027, driven by increased content per vehicle in electric cars and driver assistance systems.