Suss Microtec, the Technology sector company, was revisited by a Wall Street analyst today. Analyst Janardan Menon from Jefferies upgraded the rating on the stock to a Buy and gave it a €42.00 price target.
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Janardan Menon has given his Buy rating due to a combination of factors that suggest a positive outlook for Suss Microtec. One of the primary reasons is the anticipated recovery in orders starting from the fourth quarter of 2025, driven by temporary bonding orders from major players like Micron and Samsung, as well as UV scanner orders from TSMC. Additionally, the company is expected to benefit from a rebound in photomask cleaning orders, which have previously fallen to unsustainably low levels.
Furthermore, Suss Microtec’s valuation appears attractive, with a low multiple of 14 times the projected earnings for fiscal year 2026. The introduction of new products is also expected to drive sales and improve margins from 2027 onwards. These new products, including a mid-range photomask cleaner and a next-generation UV scanner, are anticipated to contribute to higher order levels and potentially enhance the company’s market share in advanced packaging lithography. Overall, the combination of these factors supports the upgrade to a Buy rating.
In another report released on November 7, Deutsche Bank also upgraded the stock to a Buy with a €40.00 price target.