Needham analyst Charles Shi maintains $Entegris (ENTG.US)$ with a buy rating, and adjusts the target price from $150 to $120.
According to TipRanks data, the analyst has a success rate of 39.6% and a total average return of 4.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Entegris (ENTG.US)$'s main analysts recently are as follows:
Following a quarter and an outlook that were deemed generally unsatisfactory, expectations for Entegris have been moderated, with projections for the coming years being revised downwards by approximately 8%-12%. However, this adjustment in anticipation is unlikely to startle investors, taking into account the reports from peers thus far.
The company's guidance for EBITDA in the December quarter is reported to fall short of the consensus, with strength in the artificial intelligence sector being counterbalanced by a downturn in the chip industry.
Entegris's performance in the second half of the year did not meet expectations, primarily due to diminished demand in 3D NAND and mainstream logic. This year has been notably lackluster for the industry, with growth forecasts being consistently adjusted downwards.
Note:
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