MKS (NASDAQ:MKSI) Given New $380.00 Price Target at JPMorgan Chase & Co.

JPMorgan Chase & Co. has raised its price target for MKS (NASDAQ:MKSI) to $380.00 from $365.00, maintaining an "overweight" rating and suggesting a potential upside of 23.57%. This adjustment follows MKS exceeding its Q2 earnings and revenue expectations, reporting $3.30 adjusted EPS against $2.91 expected and $1.25 billion in revenue. Despite strong institutional ownership and increasing AI-related demand, the report notes significant insider selling, with 54,406 shares sold worth approximately $17.6 million in the last 90 days.