Citi Hikes Entegris Target, Sees Chip Boom Ahead

Citi Raises Price Target for Entegris Inc as Fiscal Year 2024 Earnings Estimates Revised

Entegris Inc, a leading semiconductor materials solutions provider, has received a favorable rating from Citi, resulting in a revised price target. Citi reiterated a Neutral rating on Entegris Inc while increasing its price target to $134 from $117. The adjustment was made in response to revised fiscal year 2024 earnings per share (EPS) estimates, which have been decreased by 4% to align with the company's full-year outlook.