Nova price target raised to $510 from $450 at BofA

BofA raised the firm’s price target on Nova (NVMI) to $510 from $450 and keeps a Buy rating on the shares following Q4 results. While this is a lighter beat and raise than larger semiconductor capital equipment peers, BofA thinks the business should accelerate from here as 2026 sales appear heavily second-half weighed, the firm told investors in a research note. BofA added that Nova has better visibility and new product adoption.