Stifel has adjusted its price target for Camtek (CAMT, Financial) from $105 to $84 while maintaining a Buy rating on the stock following the release of the company's first-quarter results. Despite a more cautious outlook for the latter part of the year due to the current global economic conditions, Camtek is anticipating a robust third quarter. The company forecasts continued year-over-year growth in its advanced packaging revenue. Analysts highlight that Camtek's growth is bolstered by its latest product launches, including the Eagle Gen5 and its enhanced Hawk platform. These innovations are deemed critical in supporting the company's ongoing expansion.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Camtek Ltd (CAMT, Financial) is $95.63 with a high estimate of $120.00 and a low estimate of $80.00. The average target implies an upside of 39.68% from the current price of $68.46. More detailed estimate data can be found on the Camtek Ltd (CAMT) Forecast page.
Based on the consensus recommendation from 9 brokerage firms, Camtek Ltd's (CAMT, Financial) average brokerage recommendation is currently 1.8, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Camtek Ltd (CAMT, Financial) in one year is $74.91, suggesting a upside of 9.42% from the current price of $68.46. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Camtek Ltd (CAMT) Summary page.
