Ultra Clean Holdings, 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 $30.00 price target.
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Charles Shi has given his Buy rating due to a combination of factors including Ultra Clean Holdings’ strong performance in the second quarter of 2025, where the company exceeded revenue expectations largely driven by its operations in China. The management’s guidance for the third quarter also suggests revenue slightly above market expectations, maintaining a robust quarterly run rate of approximately $500 million for the rest of the year.
Furthermore, the company is optimistic about the fourth quarter, anticipating an increase in the run rate due to new business opportunities from its Czech Republic facility and the growth of its China-for-China business. Additionally, cost reduction efforts are expected to yield more noticeable benefits in the fourth quarter. These positive developments have led to an increase in estimates and a raised price target of $30.
In another report released today, TD Cowen also maintained a Buy rating on the stock with a $30.00 price target.