Needham upgraded Nova (NVMI) to Buy from Hold with a $500 price target Improving industry conditions are expected to benefit the broader semicap group, including Nova, and its outperformance relative to peers may further widen this year due to its unique participation in China memory WFE upside, the analyst tells investors in a research note. Commentary from the Needham Growth Conference highlighted widespread demand improvement over the past 90 days, reinforcing a broadly bullish outlook across the sector.
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