Entegris price target raised to $162 from $123 at Loop Capital

Loop Capital raised the firm’s price target on Entegris to $162 from $123 and keeps a Buy rating on the shares. The stock remains a compelling story and investment through which one can get exposure to multiple positive inflections ongoing within the semiconductor end market, as well as tangible/durable secular growth drivers/themes such as the proliferation of advanced IC devices, including but not limited to AI chips, the analyst tells investors in a research note. The firm is updating its estimates and its now “stale” price target, Loop Capital added.