Ichor Holdings (ICHR) PT Raised to $85 at DA Davidson

DA Davidson analyst Linda Umwali raised the price target on Ichor Holdings (NASDAQ: ICHR) to $85.00 (from $82.00) while maintaining a Buy rating.

The analyst commented, "ICHR delivered another strong quarter and raised outlook for the second straight quarter on improved demand and confidence in the cycle. The company now expects to grow at the high end of WFE (~30%) this year, while the industry outlook continues to improve into 2027. Manufacturing investments are beginning to translate into higher margins and earnings leverage. Bottom line: despite today’s stock pullback, we believe the fundamentals continue to strengthen with visibility into the cycle improving and the earnings story becoming more compelling. We maintain our bullish LT view and BUY rating."

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