Analyst Charles Shi from Needham maintained a Buy rating on Entegris and keeping the price target at $100.00.
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Charles Shi has given his Buy rating due to a combination of factors that highlight Entegris’s strategic shift and growth potential. The company’s new leadership is focusing on maximizing the benefits of past investments, which is expected to generate over $1 billion in additional revenue by optimizing current assets.
Furthermore, Entegris is identifying organic growth opportunities by expanding its advanced logic products into mainstream applications, supported by strategic investments in its sales team. The management’s confidence in improving gross margins, with a long-term target of 50% as operational efficiencies improve, also plays a crucial role in the positive outlook. Additionally, the company’s commitment to reducing leverage and aligning capital expenditures with historical norms further strengthens its financial position, supporting the Buy recommendation.
According to TipRanks, Shi is a 5-star analyst with an average return of 15.8% and a 52.72% success rate. Shi covers the Technology sector, focusing on stocks such as Amkor, Entegris, and KLA.
In another report released on November 3, BMO Capital also maintained a Buy rating on the stock with a $101.00 price target.