US Stocks Move: MKS Instruments up over 3% pre-market as Mizuho raises price target to $415, AI drives growth in wafer fabrication equipment spending

Golden Finance July 9｜MKS Instruments (MKSI.US) rose 3% pre-market to $360. According to reports, Mizuho Securities analyst Vijay Rakesh raised the company's target price from $400 to $415, while maintaining an "Outperform" rating. This adjustment is mainly based on the continued growth in wafer fab equipment (WFE) spending driven by AI. The average target price set by Wall Street analysts is about $408.92, and Mizuho's $415 target price is on the more optimistic end of the market.