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Camtek price target raised to $175 from $145 at B. Riley

B. Riley raised the firm’s price target on Camtek (CAMT) to $175 from $145 and keeps a Buy rating on the shares. Despite near-term cyclical pressure, structurally strong AI-driven demand for HBM, CoWoS, GPUs, and custom ASICs continues to outstrip supply, the analyst tells investors in a research note. Quarterly execution is expected to come in slightly above consensus, driven by sustained strength in HPC advanced packaging and solid order and shipment conversion for new Eagle G5 and Hawk tools at memory and OSAT customers, the firm says.

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