Stifel Nicolaus analyst Juergen Wagner maintained a Buy rating on COMET Holding AG (COTN – Research Report) today and set a price target of CHF320.00.
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Juergen Wagner has given his Buy rating due to a combination of factors influencing COMET Holding AG’s performance and outlook. The company reported a significant year-over-year increase in Q1 sales, despite a quarter-over-quarter decline. The book-to-bill ratio remains above one, indicating healthy demand relative to supply, which is a positive sign for future revenue growth.
Additionally, COMET Holding AG maintains its guidance for 2025, projecting robust sales and EBITDA margins. The company’s growth is driven by rising demand in AI applications and data center expansions, even though the memory market demand is currently subdued. Wagner notes that while other companies in the semiconductor capital equipment sector have suspended guidance due to tariff uncertainties, COMET remains optimistic about its prospects, particularly in leading-edge foundry and high bandwidth memory demands.
In another report released yesterday, UBS also maintained a Buy rating on the stock with a CHF280.00 price target.