Citi analyst Atif Malik maintains $Entegris (ENTG.US)$ with a buy rating, and adjusts the target price from $130 to $123.
According to TipRanks data, the analyst has a success rate of 71.7% and a total average return of 33.5% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Entegris (ENTG.US)$'s main analysts recently are as follows:
The company experienced weaker than anticipated performance in mainstream logic, 3D NAND, and faced discrete supply chain challenges, according to an analyst. Despite revising estimates downward, the stock's 'defensive appeal' continues to support a positive outlook.
Following what has been characterized as an underwhelming quarter and forecast, estimates for Entegris are anticipated to decrease by approximately 8%-12% in the future years. Despite this setback being considered as less than ideal, it is not expected to shock investors, considering the reports from peers thus far.
The performance of Entegris is indicative of the broader semiconductor market's health, with its tempered outperformance in 2024 attributed to postponed technological/node transitions and the adoption of new materials. However, these factors are anticipated to materialize in 2025. Alongside improving year-over-year fundamentals, these developments are expected to fuel robust earnings growth for Entegris.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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