Benchmark analyst Mark Miller raised the firm’s price target on MKS Instruments to $130 from $85 and keeps a Buy rating on the shares after the company posted Q4 upside but guided lower for Q1. However, a cyclical upturn in the semiconductor market driven by higher DRAM sales and a recovery in NAND, coupled with improvements in the global economy, is seen producing 2025 non-GAAP earnings of $6.65 per diluted share, the analyst tells investors.
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