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Techsend Photomask surges as domestic major securities raises target price on accelerating EUV mask growth
Tekscend Photomask Corp. <429A> shares surged after Nomura Securities raised its price target to 5,200 yen from 4,000 yen on Friday. The brokerage maintained its top-tier "Buy" rating. Following the company's January-March quarter results, which confirmed expanding EUV (extreme ultraviolet) mask sales from fiscal 2027 alongside a solid operating environment, Nomura revised upward its earnings forecasts for fiscal 2027 and beyond. The brokerage cited positive factors, including a projected medium-term growth rate acceleration to 11% on the higher EUV mask sales outlook, and reduced competitive risks as the proportion of China-bound sales declined.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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