James Ricchiuti, an analyst from Needham, reiterated the Buy rating on MKS. The associated price target was raised to $210.00.
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James Ricchiuti has given his Buy rating due to a combination of factors, primarily his increased confidence in the growth prospects of MKS’s Electronics & Packaging and Semiconductor segments. Following discussions with company management at the Needham Growth Conference, he came away with a stronger conviction that these core businesses are positioned to benefit from improving demand trends. In addition, feedback from other participants in the printed circuit board and semiconductor markets points to a more favorable industry backdrop than previously reflected in consensus forecasts.
Ricchiuti interprets this broader industry commentary as an indication that current Street estimates for MKS in 2026 and 2027 may be too conservative, implying potential upside to revenue and earnings expectations. This anticipated outperformance, combined with the stronger growth outlook discussed at the conference, supports a more constructive view on the company’s valuation. As a result, he not only reaffirmed his Buy recommendation but also raised his price target on the stock to reflect the improved long-term growth and earnings potential he now sees for MKS.
In another report released today, Bank of America Securities also maintained a Buy rating on the stock with a $215.00 price target.