2024-02-19 14:19:55 ET
Summary
- ENTG missed guidance in the latest report, but revisions to its financial model for FY2023-2026 more than made up for it.
- Strong gains are expected from ENTG in the next three years, which include a doubling in non-GAAP EPS.
- The stock broke through thanks to the latest report, but the stock is likely due for a pullback for a number of reasons.
- While some may want to keep riding the stock higher along with momentum, others are likely to take a step back at this point.
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Entegris: Revised Financial Model Sends The Stock Soaring