Ichor Holdings price target raised to $38 from $36 at B. Riley

B. Riley raised the firm’s price target on Ichor Holdings (ICHR) to $38 from $36 and keeps a Buy rating on the shares. Ichor’s Q3 results were slightly above consensus and Q4’s guidance visibly more so, the analyst tells investors in a research note. The firm continues to sense Ichor believes industry wafer fab equipment is poised to rise with calendar 2025 year over year gains around 15%, on par with the firm’s forecast, and B. Riley now anticipates they will overperform industry WFE growth by 10%.