Citi Reaffirms Bullish Outlook on Nova Measuring Instruments (NVMI)

On June 3, Citi analysts reiterated a ‘Buy’ rating and a $280 price target on Nova Measuring Instruments (NASDAQ:NVMI) stock. The bullish stance follows a meeting with the company’s CFO, Guy Kizner, and GM of Materials Metrology, Adrian Wilson.

Citi Reaffirms Bullish Outlook on Nova Measuring Instruments (NVMI)

Following the meeting, the analysts reiterated their confidence in the company’s Materials Metrology product line and affirmed its strong position in the semiconductor equipment market. The company is outperforming in the wafer fab equipment market due to advancements in device infection. According to the analysts, the 41% revenue growth over the past 12 months attests to the company’s edge in the industry.

Nova Measuring has also seen its market share increase by 4.5% since 2024, owing to product line strengths. Consequently, Citi analysts reiterated that the company is on track to generate over $1 billion in revenue and earnings per share of $10. Amid the expected growth, Nova remains Citi’s top stock pick among small and mid-sized semiconductor equipment companies.

Nova Measuring develops and provides metrology solutions for semiconductor manufacturing. It specializes in measuring the dimensions, materials, and chemical properties of semiconductors to enable advanced process control and improve manufacturing yields.

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