Entegris (ENTG) Stock Forecast & Price Target

Entegris has demonstrated a robust growth trajectory, with a reported 14% increase in its CMP slurries and CMP pads businesses for 2024, indicating strong demand within the semiconductor supply chain. Additionally, the company achieved a 5% organic revenue growth year-over-year, despite a challenging environment characterized by flat semi capital expenditures and relatively muted global wafer starts. With expectations of revenue from TSMC surpassing $600 million and a favorable outlook for continued growth driven by the semiconductor industry's long-term expansion, Entegris is well-positioned to capitalize on emerging opportunities in the market.

Entegris is forecasting a revenue growth of only 6.5% in 2025, which reflects a muted market environment, especially outside the leading foundries, and a slowdown in infrastructure capital expenditures that may hinder equipment capital expenditures. Additionally, challenges such as potential underperformance relative to Silicon Manufacturing Services (MSI), a decline in quarterly sales by approximately 7%, and the anticipated loss of $30M-$40M in revenue due to market dynamics with China contribute to a negative outlook. Overall, the company's estimates for 2026 indicate slightly higher revenue but lower earnings per share, underscoring a cautious financial trajectory amid a softening market backdrop.