This Analyst Is Bullish On Entegris As A Value Compounder With Strong Growth Prospects: Initiates With Outperform Rating
Portfolio Pulse from Lekha Gupta
BMO Capital Markets analyst Bhavesh Lodaya initiated coverage of Entegris Inc (NASDAQ:ENTG) with an Outperform rating and a price target of $129. Lodaya sees strong growth prospects for ENTG, driven by its high EBITDA growth, margins, and rising demand for contamination control in AI, AR/VR, and 5G.
June 20, 2023 | 5:57 pm
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Entegris Inc (NASDAQ:ENTG) receives an Outperform rating and a $129 price target from BMO Capital Markets analyst Bhavesh Lodaya, who sees strong growth prospects for the company.
The Outperform rating and $129 price target from BMO Capital Markets analyst Bhavesh Lodaya indicate a positive outlook for Entegris Inc. Lodaya's bullish stance is based on the company's strong growth prospects, high EBITDA growth, margins, and rising demand for contamination control in fast-growing areas like AI, AR/VR, and 5G. This news is likely to have a positive impact on ENTG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100