Needham Maintains Buy Rating for MKS Instruments: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Needham has reaffirmed its Buy rating on MKS Instruments (NASDAQ:MKSI) and increased its price target from $96.00 to $120.00. MKS Instruments' shares are slightly up, trading at $103.23. The new price target suggests a potential upside of 16.25%. MKS Instruments provides critical instruments and systems for various manufacturing processes, with the Vacuum Solutions segment being its largest revenue contributor, mainly in the U.S.
January 10, 2024 | 5:00 pm
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Needham maintains a Buy rating on MKS Instruments and raises the price target to $120, suggesting a 16.25% upside from the current price of $103.23.
The reaffirmation of a Buy rating and an increased price target by a reputable analyst firm like Needham is typically seen as a positive signal by the market. This could lead to increased investor confidence and a potential short-term rise in MKS Instruments' stock price, as the new target represents a significant premium over the current trading price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100