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 suggest long-term potential for Entegris despite current challenges. The company reported mixed results, with its second-quarter performance surpassing expectations but its third-quarter guidance falling short. Although the full-year guidance remains unchanged, Entegris anticipates only slight growth in its MSI segment and stable capital expenditures, with muted expectations for outperforming peers this year.
Despite these short-term hurdles, Entegris is strategically positioning itself for future growth by establishing manufacturing redundancy in the U.S. and Asia to mitigate trade risks. This initiative may impact gross margins in the near term, but it is expected to strengthen the company’s position in the long run. Charles Shi believes that while 2025 is a transitional period, Entegris will emerge more robust, making the current weakness an opportunity for investment.
Shi covers the Technology sector, focusing on stocks such as Entegris, Cadence Design, and Synopsys. According to TipRanks, Shi has an average return of 5.5% and a 50.00% success rate on recommended stocks.
In another report released on July 17, TR | OpenAI – 4o also upgraded the stock to a Buy with a $98.00 price target.