Nova (NVMI) Stock Forecast, Price Target & Predictions
NVMI Stock Forecast
Nova stock forecast is as follows: an average price target of $224.00 (represents a 15.74% upside from NVMI’s last price of $193.53) and a rating consensus of 'Buy', based on 4 wall street analysts offering a 1-year stock forecast.
NVMI Price Target
The average price target for Nova (NVMI) is $224.00 based on 1-year price targets from 4 Wall Street analysts in the past 3 months, with a price target range of $224.00 to $224.00. This represents a potential 15.74% upside from NVMI's last price of $193.53.
NVMI Analyst Ratings
According to 4 Wall Street analysts, Nova's rating consensus is 'Buy'. The analyst rating breakdown for NVMI stock is 0 'Strong Buy' (0.00%), 3 'Buy' (75.00%), 1 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Nova Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 16, 2024 | Atif Malik | Citigroup | $224.00 | $206.71 | 8.36% | 15.74% |
| Apr 15, 2024 | Vedvati Shrotre | Evercore ISI | $210.00 | $170.47 | 23.19% | 8.51% |
The latest Nova stock forecast, released on Sep 16, 2024 by Atif Malik from Citigroup, set a price target of $224.00, which represents a 8.36% increase from the stock price at the time of the forecast ($206.71), and a 15.74% increase from NVMI last price ($193.53).
Nova Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 2 |
| Avg Price Target | - | - | $217.00 |
| Last Closing Price | $193.53 | $193.53 | $193.53 |
| Upside/Downside | -100.00% | -100.00% | 12.13% |
In the current month, the average price target of Nova stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Nova's last price of $193.53. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 16, 2024 | Citigroup | Buy | Neutral | Downgrade |
| Aug 09, 2024 | Benchmark | Buy | Buy | Hold |
| Jul 15, 2024 | Citigroup | Buy | Buy | Hold |
| May 10, 2024 | Benchmark | Buy | Buy | Hold |
| May 10, 2024 | Citigroup | Buy | Buy | Hold |
| Apr 15, 2024 | Evercore ISI | Outperform | Initialise | |
| Dec 28, 2023 | Benchmark | Buy | Buy | Hold |
| Nov 04, 2022 | Needham | Buy | Buy | Hold |
| Feb 25, 2022 | Citigroup | Buy | Buy | Hold |
| Feb 25, 2022 | Needham | Buy | Buy | Hold |
Nova's last stock rating was published by Citigroup on Sep 16, 2024. The company Downgrade its NVMI rating from "Buy" to "Neutral".
Nova Financial Forecast
Nova Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $132.19M | $151.24M | $143.91M | $141.63M | $133.96M | $121.52M | $112.71M | $97.75M | $84.13M | $76.30M | $69.48M | $62.59M | $61.02M | $64.63M | $52.51M |
| Avg Forecast | $219.60M | $212.90M | $206.30M | $198.00M | $201.15M | $197.76M | $195.99M | $193.07M | $186.57M | $171.81M | $148.12M | $136.78M | $128.03M | $123.10M | $121.69M | $130.06M | $147.82M | $141.49M | $136.96M | $126.76M | $118.28M | $102.81M | $88.38M | $79.89M | $70.03M | $65.42M | $62.30M | $56.85M | $59.83M | $50.73M |
| High Forecast | $224.17M | $217.33M | $210.60M | $202.12M | $205.34M | $201.88M | $200.07M | $197.09M | $190.46M | $171.83M | $148.12M | $136.78M | $130.70M | $124.20M | $124.22M | $132.77M | $150.90M | $141.49M | $136.96M | $126.76M | $118.28M | $102.81M | $88.38M | $79.89M | $70.03M | $65.42M | $62.30M | $56.85M | $59.83M | $50.73M |
| Low Forecast | $217.17M | $210.54M | $204.01M | $195.81M | $198.92M | $195.57M | $193.81M | $190.93M | $184.50M | $171.79M | $148.12M | $136.78M | $126.61M | $122.50M | $120.34M | $128.62M | $146.18M | $141.49M | $136.96M | $126.76M | $118.28M | $102.81M | $88.38M | $79.89M | $70.03M | $65.42M | $62.30M | $56.85M | $59.83M | $50.73M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 15 | 9 | 9 | 16 | 8 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.02% | 1.02% | 1.03% | 1.06% | 1.03% | 1.10% | 1.11% | 1.05% | 1.09% | 1.06% | 1.00% | 1.07% | 1.08% | 1.04% |
Nova's average Quarter revenue forecast for Jun 23 based on 2 analysts is $121.69M, with a low forecast of $120.34M, and a high forecast of $124.22M. NVMI's average Quarter revenue forecast represents a -7.95% decrease compared to the company's last Quarter revenue of $132.19M (Mar 23).
Nova EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 15 | 9 | 9 | 16 | 8 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $39.52M | $40.88M | $42.48M | $40.48M | $40.75M | $30.79M | $36.83M | $28.23M | $22.34M | $16.76M | $18.82M | $12.74M | $16.65M | $16.39M | $11.20M |
| Avg Forecast | $59.66M | $57.84M | $56.04M | $53.79M | $54.64M | $53.72M | $53.24M | $52.45M | $50.68M | $46.67M | $40.24M | $38.09M | $34.78M | $33.44M | $33.06M | $34.63M | $32.90M | $36.95M | $35.77M | $31.48M | $30.89M | $26.85M | $23.08M | $19.45M | $18.29M | $17.09M | $16.27M | $11.56M | $15.62M | $13.25M |
| High Forecast | $60.90M | $59.04M | $57.21M | $54.91M | $55.78M | $54.84M | $54.35M | $53.54M | $51.74M | $46.68M | $40.24M | $45.71M | $35.50M | $33.74M | $33.75M | $41.55M | $39.48M | $36.95M | $35.77M | $37.77M | $30.89M | $26.85M | $23.08M | $23.34M | $18.29M | $17.09M | $16.27M | $13.88M | $15.62M | $13.25M |
| Low Forecast | $59.00M | $57.20M | $55.42M | $53.19M | $54.04M | $53.13M | $52.65M | $51.87M | $50.12M | $46.67M | $40.24M | $30.47M | $34.40M | $33.28M | $32.69M | $27.70M | $26.32M | $36.95M | $35.77M | $25.18M | $30.89M | $26.85M | $23.08M | $15.56M | $18.29M | $17.09M | $16.27M | $9.25M | $15.62M | $13.25M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 1.24% | 1.15% | 1.13% | 1.29% | 1.00% | 1.37% | 1.22% | 1.15% | 0.92% | 1.10% | 0.78% | 1.44% | 1.05% | 0.85% |
2 analysts predict NVMI's average Quarter EBITDA for Jun 23 to be $33.06M, with a high of $33.75M and a low of $32.69M. This is -16.35% lower than Nova's previous annual EBITDA (Mar 23) of $39.52M.
Nova Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 15 | 9 | 9 | 16 | 8 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $34.63M | $36.10M | $35.08M | $34.88M | $34.16M | $22.23M | $30.34M | $22.92M | $17.62M | $13.66M | $13.90M | $8.67M | $11.68M | $12.38M | $8.56M |
| Avg Forecast | $78.34M | $74.79M | $70.28M | $63.51M | $62.46M | $61.40M | $61.16M | $59.90M | $58.67M | $54.07M | $43.73M | $31.00M | $39.84M | $35.08M | $32.39M | $28.18M | $23.75M | $37.84M | $38.23M | $25.62M | $33.82M | $29.58M | $23.39M | $15.34M | $16.75M | $15.07M | $14.19M | $8.11M | $14.75M | $9.19M |
| High Forecast | $80.46M | $76.82M | $72.18M | $65.23M | $64.15M | $63.06M | $62.81M | $61.52M | $60.26M | $56.26M | $44.27M | $37.20M | $40.92M | $35.73M | $33.26M | $33.82M | $28.50M | $39.42M | $38.73M | $30.75M | $33.82M | $29.58M | $23.39M | $18.41M | $16.75M | $15.07M | $14.19M | $9.73M | $14.75M | $9.19M |
| Low Forecast | $77.21M | $73.71M | $69.27M | $62.59M | $61.56M | $60.51M | $60.28M | $59.04M | $57.83M | $51.88M | $43.19M | $24.80M | $39.52M | $34.76M | $31.92M | $22.55M | $19.00M | $36.26M | $37.72M | $20.50M | $33.82M | $29.58M | $23.39M | $12.27M | $16.75M | $15.07M | $14.19M | $6.49M | $14.75M | $9.19M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.23% | 1.52% | 0.93% | 0.91% | 1.33% | 0.66% | 1.03% | 0.98% | 1.15% | 0.82% | 0.92% | 0.61% | 1.44% | 0.84% | 0.93% |
Nova's average Quarter net income forecast for Jun 23 is $32.39M, with a range of $31.92M to $33.26M. NVMI's average Quarter net income forecast represents a -6.47% decrease compared to the company's last Quarter net income of $34.63M (Mar 23).
Nova SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 15 | 9 | 9 | 16 | 8 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $18.56M | $19.14M | $18.74M | $19.80M | $18.30M | $17.48M | $13.28M | $12.82M | $13.08M | $9.10M | $10.55M | $13.04M | $9.15M | $10.64M | $9.81M |
| Avg Forecast | $32.30M | $31.32M | $30.35M | $29.12M | $29.59M | $29.09M | $28.83M | $28.40M | $27.44M | $25.27M | $21.79M | $16.61M | $18.83M | $18.11M | $17.90M | $15.10M | $18.68M | $20.81M | $20.15M | $13.73M | $17.40M | $15.12M | $13.00M | $11.39M | $10.30M | $9.62M | $9.16M | $6.36M | $8.80M | $7.46M |
| High Forecast | $32.97M | $31.97M | $30.98M | $29.73M | $30.20M | $29.70M | $29.43M | $28.99M | $28.02M | $25.27M | $21.79M | $19.93M | $19.22M | $18.27M | $18.27M | $18.12M | $22.42M | $20.81M | $20.15M | $16.47M | $17.40M | $15.12M | $13.00M | $13.67M | $10.30M | $9.62M | $9.16M | $7.63M | $8.80M | $7.46M |
| Low Forecast | $31.94M | $30.97M | $30.01M | $28.80M | $29.26M | $28.77M | $28.51M | $28.09M | $27.14M | $25.27M | $21.79M | $13.29M | $18.62M | $18.02M | $17.70M | $12.08M | $14.94M | $20.81M | $20.15M | $10.98M | $17.40M | $15.12M | $13.00M | $9.11M | $10.30M | $9.62M | $9.16M | $5.08M | $8.80M | $7.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.23% | 1.02% | 0.90% | 0.98% | 1.33% | 1.00% | 0.88% | 0.99% | 1.15% | 0.88% | 1.10% | 1.42% | 1.44% | 1.21% | 1.32% |
Nova's average Quarter SG&A projection for Jun 23 is $17.90M, based on 2 Wall Street analysts, with a range of $17.70M to $18.27M. The forecast indicates a -3.56% fall compared to NVMI last annual SG&A of $18.56M (Mar 23).
Nova EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 2 | 1 | 1 | 1 | 4 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 15 | 9 | 9 | 16 | 8 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.21 | $1.26 | $1.22 | $1.22 | $1.20 | $0.78 | $1.07 | $0.81 | $0.62 | $0.49 | $0.49 | $0.31 | $0.42 | $0.44 | $0.31 |
| Avg Forecast | $2.43 | $2.32 | $2.18 | $1.97 | $1.94 | $1.90 | $1.90 | $1.86 | $1.82 | $1.68 | $1.36 | $1.28 | $1.24 | $1.09 | $1.00 | $1.05 | $1.25 | $1.17 | $1.19 | $1.04 | $1.05 | $0.92 | $0.73 | $0.63 | $0.52 | $0.47 | $0.44 | $0.36 | $0.46 | $0.28 |
| High Forecast | $2.50 | $2.38 | $2.24 | $2.02 | $1.99 | $1.96 | $1.95 | $1.91 | $1.87 | $1.75 | $1.37 | $1.28 | $1.27 | $1.11 | $1.03 | $1.07 | $1.29 | $1.22 | $1.20 | $1.04 | $1.05 | $0.92 | $0.73 | $0.63 | $0.52 | $0.47 | $0.44 | $0.36 | $0.46 | $0.28 |
| Low Forecast | $2.39 | $2.29 | $2.15 | $1.94 | $1.91 | $1.88 | $1.87 | $1.83 | $1.79 | $1.61 | $1.34 | $1.28 | $1.23 | $1.08 | $0.99 | $1.03 | $1.24 | $1.12 | $1.17 | $1.04 | $1.05 | $0.92 | $0.73 | $0.63 | $0.52 | $0.47 | $0.44 | $0.36 | $0.46 | $0.28 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 1.00% | 1.04% | 1.03% | 1.15% | 0.74% | 1.17% | 1.12% | 0.99% | 0.94% | 1.05% | 0.70% | 1.17% | 0.96% | 1.09% |
According to 2 Wall Street analysts, Nova's projected average Quarter EPS for Jun 23 is $1.00, with a low estimate of $0.99 and a high estimate of $1.03. This represents a -16.98% decrease compared to NVMI previous annual EPS of $1.21 (Mar 23).
Nova Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| AXTI | AXT | $2.28 | $5.38 | 135.96% | Buy |
| ACLS | Axcelis | $74.83 | $174.00 | 132.53% | Buy |
| VECO | Veeco Instruments | $28.01 | $55.00 | 96.36% | Buy |
| UCTT | Ultra Clean | $37.08 | $57.00 | 53.72% | Buy |
| ONTO | Onto Innovation | $172.23 | $258.33 | 49.99% | Buy |
| ICHR | Ichor | $31.73 | $45.00 | 41.82% | Buy |
| IPGP | IPG Photonics | $76.34 | $100.00 | 30.99% | Buy |
| ENTG | Entegris | $109.36 | $142.75 | 30.53% | Buy |
| KLIC | Kulicke and Soffa Industries | $49.83 | $65.00 | 30.44% | Hold |
| NVMI | Nova | $197.65 | $224.00 | 13.33% | Buy |
| COHU | Cohu | $27.41 | $30.00 | 9.45% | Buy |