15 Best AI Stocks to Buy and Hold for the Next 5 Years

13. Entegris, Inc. (NASDAQ:ENTG)

Number of Hedge Fund Holders: 47

Entegris, Inc. (NASDAQ:ENTG) is among the Best AI Stocks. 

On July 6, Deutsche Bank analyst Melissa Weathers raised her price target on Entegris, Inc. (NASDAQ:ENTG) to $155 from $145. She maintained a “Hold” rating on the shares. In an investor note, the analyst noted the firm increased estimates on cycle improvement but believes the “goodness” is “already priced in.”

The same day, BMO Capital analyst Bhavesh Lodaya lifted his target on Entegris, Inc. (NASDAQ:ENTG) to $167 from $153. The analyst reiterated an “Outperform” rating on the stock. The firm noted stronger electronics and aerospace markets despite softer housing and automotive demand. The analyst expects companies to remain conservative in their outlooks.

Earlier, on July 1, Mizuho analyst John Roberts raised his price target on Entegris, Inc. (NASDAQ:ENTG) to $200 from $180. He maintained an Outperform rating on the stock. Roberts said lower oil prices have reduced the expected natural gas cost advantage for many basic chemical companies. Continued downstream investment in advanced compute should extend the strength of technology materials, the firm noted.

Entegris, Inc. (NASDAQ:ENTG) develops, manufactures, and supplies specialty materials for the microelectronics industry. It works through the Materials Solutions and Advanced Purity Solutions segments.