MKS Inc. price target raised to $136 from $130 at Needham

Needham raised the firm’s price target on MKS Inc. (MKSI) to $136 from $130 and keeps a Buy rating on the shares. The firm remains constructive on MKS following meetings at SEMICON West, forecasting its Semiconductor business to grow low double digits in 2025, with low single digit growth forecast for 2026 assuming a stronger second half and representing a “solid base-line outlook”, the analyst tells investors in a research note. Needham adds it is more optimistic about the potential for stronger growth in the Electronics & Packaging business, which will grow high double digits in 2025 and conservatively assumes a mid-single-digit increase in 2026.