B. Riley Raises PT on Ichor Holdings (ICHR), Keeps a Buy Rating

Ichor Holdings, Ltd. (NASDAQ:ICHR) is one of the High Growth Semiconductor Stocks to Buy Now. Ichor Holdings, Ltd. (NASDAQ:ICHR) has gained more than 22.8% over the past month and is now trading near an all-time high. Wall Street is bullish on the stock, with 86% of the 7 analysts covering the stock maintaining a Buy rating.

​Recently, on June 18, B. Riley raised the price target on Ichor from $90 to $125, while maintaining a Buy rating on the shares. The firm noted that they remain bullish on the stock ahead of July. The market expects positive memory-sector catalysts to emerge in late July. B. Riley noted that one of the key factors backing the positive sentiment is the company’s two major clients, including Applied Materials and Lam Research. Both are seen as key beneficiaries of continued investment in leading-edge foundry manufacturing.

​The firm also highlighted that they see even bigger opportunities emerging in the memory sector. B. Riley believes the industry is in the early stages of a multi-year expansion cycle in both DRAM and NAND capacity.

Ichor Holdings, Ltd. (NASDAQ:ICHR) is a U.S. technology company that designs, engineers, and manufactures critical fluid delivery subsystems and components, especially gas and chemical delivery systems, used in semiconductor capital equipment.

While we acknowledge the risk and potential of ICHR as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than ICHR and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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