Needham raised the firm’s price target on Ultra Clean (UCTT) to $70 from $50 and keeps a Buy rating on the shares after its Q4 earnings beat. The firm is seeing customer forecasts for 2026 improve on a weekly basis and expects WFE growth at 15%-20%, with a step function increase in Q3, the analyst tells investors in a research note. The post-earnings dip is likely short-lived given the bullish commentary for outer quarters, the firm adds.
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