Jefferies raised the firm’s price target on Nova (NVMI) to $640 from $520 and keeps a Buy rating on the shares after its Q1 earnings beat. Significant growth in the Memory business helped push March-quarter ahead, with Logic expected to lead in June tied to ongoing investments in GAA and capacity expansion at TSMC (TSM), Samsung (SSNLF), and Intel (INTC), the analyst tells investors in a research note. Hybrid bonding adoption is progressing faster than expected as memory customer pull-ins layer an incremental tailwind on top of an Advanced Packaging business, the firm added.
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Read More on NVMI:
- Nova Sets June 18, 2026 Annual Meeting to Vote on Board Slate, CEO Pay and Auditor Reappointment
- Nova price target raised to $494 from $453 at Morgan Stanley
- Nova price target raised to $612 from $510 at BofA
- Nova reports Q1 adjusted EPS $2.33, consensus $2.19
- Nova sees Q2 adjusted EPS $2.34-$2.48, consensus $2.34