Shares of BE Semiconductor Industries jumped more than 4% on Friday after Morgan Stanley reaffirmed its bullish outlook, calling the recent guidance‑driven sell‑off a buying opportunity. The Dutch wafer‑bonding specialist had seen its stock plunge 7.5% on Thursday when earnings and outlook matched forecasts but offered no surprises. Morgan Stanley lifted its price target to 190 euros, up from 185 euros.

Besi guided for 5‑15% sequential revenue growth in Q1 2026, aligning with Morgan Stanley’s and consensus expectations. Analysts highlighted a growing order book, now topping €300 million, which they say positions the company for sharply accelerating growth as AI‑driven demand fuels advanced packaging. 2.5D packaging and photonics already represent roughly half of Besi’s revenue. The company is also expanding its footprint in Europe and Asia.

Morgan Stanley nudged EPS forecasts up 4% for 2026 and 2% for 2027, citing stronger gross margins, broader thermal compression bonding adoption and a lower share count. While the bank remains cautious on near‑term hybrid bonding, it projects shipments rising to 45 tools in fiscal 2026. It expects Q2 revenue to surge 59% year‑on‑year, underscoring the firm’s momentum.