Oppenheimer analyst Edward Yang raised the firm’s price target on Ultra Clean (UCTT) to $85 from $35 and keeps an Outperform rating on the shares. The firm notes the company issued strong Q1 guidance and a robust 2026 outlook, implying 15%-20% revenue growth. While Q4 2025 was mixed, it is backward-looking as new CEO James Xiao rolls out his “UCT 3.0” plan amid a firm upcycle and potentially an AI- and memory-driven “ultra” cycle, Oppenheimer adds.
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