Northland's analyst, Gus Richard, has revised the price target for Camtek (CAMT, Financial), adjusting it from $120 to $105. Despite this change, the analyst maintains an Outperform rating on the stock following the company's financial results. Camtek recently reported a non-GAAP earnings per share of $0.79, which surpassed expectations by $0.02, alongside slightly enhanced guidance for future performance.
In response to these developments, Northland has modestly increased its estimates, although it describes these figures as conservative. The adjustment in the price target reflects considerations of sector-wide multiple compression. This update aims to guide investors who track Camtek's trajectory amid current market conditions.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Camtek Ltd (CAMT, Financial) is $87.11 with a high estimate of $105.00 and a low estimate of $70.00. The average target implies an upside of 26.97% from the current price of $68.61. 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 9.18% from the current price of $68.61. 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.
