Needham analyst James Ricchiuti reiterated a Buy rating on Mks Instruments on Friday, setting a price target of $145, which is approximately 16.08% above the present share price of $124.91.
Ricchiuti expects Mks Instruments to post earnings per share (EPS) of $1.26 for the third quarter of 2020.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in MKS Instruments (NASDAQ:MKSI), with an average price target of $146.33.
The analysts price targets range from a high of $185 to a low of $120.
In its latest earnings report, released on 03/31/2020, the company reported a quarterly revenue of $535.7 million and a net profit of $93.7 million. The company's market cap is $6.96 billion.
According to TipRanks.com, Needham analyst James Ricchiuti is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 14.8% and a 61.34% success rate.
MKS Instruments, Inc. engages in the provision of instruments, subsystems, and process control solutions to measure, control, power, monitor, and analyze parameters of manufacturing processes. It operates through the Vacuum and Analysis; and Light and Motion segments. The Vacuum and Analysis segment comprises pressure measurement and control, flow measurement and control, gas and vapor delivery, gas composition analysis, residual gas analysis, leak detection, control technology, ozone generation and delivery, RF & DC power, reactive gas generation, and vacuum technology components. The Light and Motion segment includes lasers, photonics, sub-micron positioning, vibration control, and optics instruments. The company was founded in 1961 and is headquartered in Andover, MA.