Oppenheimer raised the firm’s price target on Ultra Clean (UCTT) to $100 from $85 and keeps an Outperform rating on the shares. The firm notes the company’s Q1 beat and surprisingly strong Q2 guide suggest the “ultra” semicap cycle led by AI demand is moving ahead of schedule, with “demand building week-by-week.” The positive “step function” previously expected in the second half of the year is now targeted earlier in Q2 2026, with similar quarter-over-quarter revenue growth into the second half of 2026.
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Read More on UCTT:
- Krish Sankar Raises Ultra Clean Price Target to $100 on AI-Driven Wafer Fab Upcycle and Margin Expansion Potential
- Ultra Clean Announces CFO Retirement and Leadership Transition
- Ultra Clean announces retirement of CFO Sheri Savage
- Ultra Clean reports Q1 adjusted EPS 31c, consensus 26c
- Ultra Clean sees Q2 adjusted EPS 44c-60c, consensus 36c