Truist Securities initiated coverage on Entegris (ENTG) with a Buy rating and a $190 price target, with the stock trading around $161.16 on Tuesday. This comes amid a broader wave of analyst initiations across related names, signaling renewed attention on semiconductor-materials suppliers. If the momentum persists, ENTG could approach the $190 target in the near term.
Entegris entered Phase 18 of the Adhishthana Cycle on November 10, 2025. The stock has fallen roughly 23% since entering Phase 18. Previous Phases 14-16 saw a 58% decline, indicating weak performance. Market outlook appears sluggish with no sustainable recovery expected. Investors should consider hedging as downside risks remain elevated.