Entegris (ENTG – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Charles Shi from Needham maintained a Buy rating on the stock and has a $120.00 price target.
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Charles Shi’s rating is based on Entegris’s strong performance at the close of 2024, achieving a 5% organic growth despite modest overall industry expansion and stable capital expenditures. The company’s projection for 6.5% growth in 2025, under similar market conditions, demonstrates a consistent upward trajectory, bolstered by significant contributions from TSMC, which is expected to continue driving substantial revenue gains.
Moreover, Entegris’s management is focusing on enhancing financial discipline and improving free cash flow, a strategy likely to be well-received by investors. The anticipated growth in cash balance positions the company to explore additional growth avenues through acquisitions, further justifying the Buy rating.
Shi covers the Technology sector, focusing on stocks such as KLA, Kulicke & Soffa, and Applied Materials. According to TipRanks, Shi has an average return of 6.0% and a 47.06% success rate on recommended stocks.
In another report released today, KeyBanc also maintained a Buy rating on the stock with a $141.00 price target.