Needham Maintains Buy Rating for MKS Instruments: Here's What You Need To Know

Needham has decided to maintain its Buy rating of MKS Instruments MKSI and raise its price target from $96.00 to $120.00.

Shares of MKS Instruments are trading up 0.07% over the last 24 hours, at $103.23 per share.

A move to $120.00 would account for a 16.25% increase from the current share price.

About MKS Instruments

MKS Instruments Inc is engaged in providing instruments, subsystems, and process control systems used to measure, monitor, deliver, and control parameters of manufacturing processes. The company's product portfolio includes instruments, components, and systems required in manufacturing products such as flat panel displays, medical devices, and electronic materials, among others used in industrial technologies, semiconductor, life and health sciences, and research and defense markets. The company organizes itself into three reportable business segments: Vacuum Solutions, Photonics Solutions, and Materials Solutions. The Vacuum Solutions segment contributes to roughly half of the company's revenue, and the majority of its revenue is earned in the United States.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.