MKS Instruments (MKSI – Research Report), the Technology sector company, was revisited by a Wall Street analyst today. Analyst Mark Miller from Benchmark Co. maintained a Buy rating on the stock and has a $135.00 price target.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Mark Miller’s rating is based on several positive developments at MKS Instruments, primarily driven by their semiconductor and electronics divisions. The company reported better-than-expected results, with notable growth in semiconductor and electronics sales, which contributed to an overall positive performance. Additionally, MKS Instruments made progress in reducing its debt, which is a positive indicator for its financial health.
Moreover, the company is benefiting from a cyclical upturn in the semiconductor market, spurred by higher DRAM sales and a recovery in NAND capital expenditures. These factors are projected to drive a significant 21% year-over-year growth in earnings by 2025. Despite a guided reduction in earnings for the upcoming quarter, these growth prospects and strong fundamentals support the Buy rating with a price target of $135.
According to TipRanks, Miller is a 5-star analyst with an average return of 15.3% and a 51.52% success rate. Miller covers the Technology sector, focusing on stocks such as Western Digital, Amtech Systems, and MKS Instruments.
In another report released today, Needham also reiterated a Buy rating on the stock with a $145.00 price target.