Lisa Jiang, an analyst from Morgan Stanley, maintained the Buy rating on Ebara. The associated price target is Yen2,800.00.
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Lisa Jiang’s rating is based on several positive indicators for Ebara’s future performance. One of the main reasons is the strong demand for Ebara’s CMP equipment, which is essential in advanced packaging processes. This demand is expected to remain solid, particularly as TSMC, Ebara’s largest customer, is increasing its capital expenditure forecasts due to the growing need for AI devices.
Furthermore, Ebara has been gaining market share, especially with the adoption of its equipment by major players like Intel and Samsung Electronics. This expansion is occurring despite a weak yen, indicating robust performance in the market. Additionally, the anticipated growth in sales for Ebara’s plating equipment, driven by advancements in packaging applications, supports the positive outlook. These factors combined suggest a promising growth trajectory for Ebara, justifying the Buy rating.
Jiang covers the Industrials sector, focusing on stocks such as Ebara, THK Co, and Yaskawa Electric. According to TipRanks, Jiang has an average return of 6.4% and a 53.85% success rate on recommended stocks.
In another report released yesterday, Macquarie also maintained a Buy rating on the stock with a Yen3,600.00 price target.