Stifel lowered the firm’s price target on Camtek (CAMT) to $84 from $105 and keeps a Buy rating on the shares after the company reported Q1 results. Management’s tone on the second half of the year is understandably more cautious considering the current geo-economic climate, yet Camtek still expects a “solid” Q3 and believe its advanced packaging revenue remains on track to grow year-over-year, the analyst tells investors in a research note. The firm believes the company’s new product releases, including Eagle Gen5, and in particular its more advanced Hawk platform, are important factors helping to sustain growth.
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Read More on CAMT:
- Camtek’s Promising Outlook: Steady Performance and Strong Revenue Growth Drive Buy Rating
- Camtek Ltd. Reports Record Q1 2025 Results with Strong Growth
- Camtek reports Q1 non-GAAP EPS 79c, consensus 77c
- Camtek sees Q2 revenue $120M-$123M, consensus $121.2M
- CAMT Earnings this Week: How Will it Perform?
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