Core Viewpoint - Entegris, Inc. (NASDAQ:ENTG) is facing bearish sentiment from Goldman Sachs, which downgraded the stock from "Neutral" to "Sell" and reduced the price target from $88 to $75, despite the company's management expressing confidence in future growth [2][3]. Group 1: Market Sentiment and Analyst Outlook - Goldman Sachs has revised its outlook for semiconductor stocks, anticipating a surge in hyperscaler artificial intelligence spending in 2026, which is expected to positively impact digital, memory, and storage stocks [2]. - The firm sees cyclical tailwinds for the analog sector due to a gradual recovery in industrial and automotive markets, but does not view Entegris as a beneficiary due to limited margin improvement [3]. Group 2: Company Management and Growth Expectations - Entegris management is optimistic about future growth, citing increasing device complexity as a driver for demand in materials science and purity solutions [4]. - The CEO highlighted strong momentum in products supporting advanced semiconductor nodes, including liquid filtration and purification, deposition materials, and CMP consumables [4]. Group 3: Financial Projections - For the fourth quarter, Entegris expects revenue between $790 million and $830 million, with non-GAAP EPS projected at $0.62 to $0.69 [5]. - Management anticipates adjusted EBITDA margins to be in the range of 26.5% to 27.5% [5].