Needham raised the firm’s price target on Ichor Holdings (ICHR) to $48 from $36 and keeps a Buy rating on the shares. The company reported revenue of $223.6M, lower sequentially but marking the trough in the current cycle, with strong guidance issued for Q1 and FY26, the analyst tells investors in a research note. Production capacity is being shifted around to higher profitability regions to meet future demand in Ichor’s end-markets, the firm added.
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