Citi lowered the firm’s price target on Nova (NVMI) to $280 from $290 and keeps a Buy rating on the shares. The shares traded down after the company reported its March quarter above the midpoint of guidance and guided the June quarter in line with Street, the analyst tells investors in a research note. The firm says that while full year visibility is limited, China revenue is expected to be flat to slightly down in 2025.
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Read More on NVMI:
- Nova Measuring Instruments Reports Record Q1 2025 Results
- Nova’s Strong Positioning and Strategic Initiatives Drive Buy Rating Despite Market Uncertainties
- Nova’s Strong Market Position and Growth Prospects Justify Buy Rating
- Nova Limited Achieves Record Growth Amid Challenges
- Nova price target lowered to $240 from $300 at Evercore ISI
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