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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Read More on MKSI:
- MKS Instruments Announces New VP and Chief Accounting Officer
- MKS Instruments sees Q1 EPS 72c plus/minus 25c, consensus 84c
- MKS Instruments reports Q4 EPS $1.17, consensus 84c
- MKS Instruments Reports Fourth Quarter and Full-Year 2023 Financial Results
- MKS Instruments Declares Quarterly Cash Dividend
