Camtek management tone ‘incrementally better,’ says Stifel

Stifel maintains a Buy rating and $105 price target on Camtek (CAMT) after having hosted investor meetings with executive management. The firm believes concerns about a potential slowdown in High Bandwidth Memory and AI packaging capacity expansion have weighed on the stock, but says management’s tone on its business entering 2025 “sounded incrementally better.” China has been a broader concern across the semi equipment sector, but management does not expect a significant sales impact from recently updated U.S. export control rules, the analyst added.