Nova (NVMI) Stock Forecast, Price Target & Predictions
NVMI Stock Forecast
Nova stock forecast is as follows: an average price target of $217.00 (represents a 11.45% upside from NVMI’s last price of $194.71) 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 $217.00 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 $210.00. This represents a potential 11.45% upside from NVMI's last price of $194.71.
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% | 15.04% |
| Apr 15, 2024 | Vedvati Shrotre | Evercore ISI | $210.00 | $170.47 | 23.19% | 7.85% |
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 15.04% increase from NVMI last price ($194.71).
Nova Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 2 |
| Avg Price Target | $224.00 | $224.00 | $217.00 |
| Last Closing Price | $194.71 | $194.71 | $194.71 |
| Upside/Downside | 15.04% | 15.04% | 11.45% |
In the current month, the average price target of Nova stock is $224.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 15.04% increase as opposed to Nova's last price of $194.71. This month's average price target is down 0.00% compared to last quarter, and up 3.23% 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 | $215.00M | $205.00M | $195.00M | $185.00M | $194.05M | $193.22M | $189.56M | $182.99M | $177.81M | $171.84M | $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 | $215.43M | $205.41M | $195.39M | $185.37M | $194.43M | $193.61M | $189.93M | $183.36M | $178.16M | $172.18M | $148.41M | $137.06M | $128.28M | $124.20M | $121.93M | $130.32M | $148.11M | $141.77M | $136.96M | $127.27M | $118.75M | $103.23M | $88.73M | $80.21M | $70.31M | $65.69M | $62.55M | $57.08M | $60.06M | $50.93M |
| Low Forecast | $213.57M | $203.64M | $193.71M | $183.77M | $192.76M | $191.94M | $188.30M | $181.78M | $176.63M | $170.70M | $147.14M | $135.88M | $127.18M | $122.50M | $120.88M | $129.20M | $146.84M | $140.55M | $136.96M | $126.24M | $117.80M | $102.39M | $88.01M | $79.56M | $69.74M | $65.16M | $62.04M | $56.62M | $59.58M | $50.52M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | - | 1 | 1 | 1 | 11 | 11 | 9 | 8 | 8 | 7 | 5 |
| 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 $120.88M, and a high forecast of $121.93M. 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 | 1 | 1 | 3 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | - | 1 | 1 | 1 | 11 | 11 | 9 | 8 | 8 | 7 | 5 |
| 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 | $56.15M | $53.54M | $50.93M | $48.31M | $50.68M | $50.46M | $49.50M | $47.79M | $46.44M | $44.88M | $38.68M | $38.09M | $33.44M | $32.15M | $31.78M | $34.63M | $38.60M | $28.60M | $35.77M | $31.48M | $29.91M | $26.00M | $20.10M | $19.45M | $15.79M | $14.82M | $11.58M | $11.56M | $14.61M | $7.04M |
| High Forecast | $56.26M | $53.64M | $51.03M | $48.41M | $50.78M | $50.56M | $49.60M | $47.88M | $46.53M | $44.97M | $38.76M | $45.71M | $33.50M | $32.44M | $31.84M | $41.55M | $38.68M | $34.32M | $35.77M | $37.77M | $35.89M | $31.20M | $24.12M | $23.34M | $18.95M | $17.78M | $13.90M | $13.88M | $17.54M | $8.45M |
| Low Forecast | $55.78M | $53.18M | $50.59M | $47.99M | $50.34M | $50.13M | $49.18M | $47.47M | $46.13M | $44.58M | $38.43M | $30.47M | $33.21M | $31.99M | $31.57M | $27.70M | $38.35M | $22.88M | $35.77M | $25.18M | $23.93M | $20.80M | $16.08M | $15.56M | $12.63M | $11.85M | $9.27M | $9.25M | $11.69M | $5.63M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 1.06% | 1.49% | 1.13% | 1.29% | 1.03% | 1.42% | 1.40% | 1.15% | 1.06% | 1.27% | 1.10% | 1.44% | 1.12% | 1.59% |
2 analysts predict NVMI's average Quarter EBITDA for Jun 23 to be $31.78M, with a high of $31.84M and a low of $31.57M. This is -19.59% 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 | 1 | 1 | 3 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | - | 1 | 1 | 1 | 11 | 11 | 9 | 8 | 8 | 7 | 5 |
| 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 | $60.93M | $57.71M | $55.13M | $51.58M | $59.24M | $59.32M | $59.05M | $56.28M | $54.57M | $54.07M | $43.73M | $31.00M | $39.84M | $35.08M | $32.39M | $28.18M | $40.44M | $23.55M | $38.13M | $25.62M | $21.59M | $21.41M | $16.32M | $15.34M | $12.87M | $10.94M | $7.88M | $8.11M | $11.04M | $5.38M |
| High Forecast | $61.09M | $57.86M | $55.27M | $51.72M | $59.39M | $59.47M | $59.20M | $56.43M | $54.71M | $54.21M | $43.84M | $37.20M | $39.94M | $35.73M | $32.47M | $33.82M | $40.55M | $28.27M | $38.13M | $30.75M | $25.91M | $25.70M | $19.59M | $18.41M | $15.44M | $13.13M | $9.46M | $9.73M | $13.25M | $6.46M |
| Low Forecast | $60.41M | $57.21M | $54.65M | $51.14M | $58.73M | $58.81M | $58.54M | $55.80M | $54.10M | $53.75M | $43.35M | $24.80M | $39.52M | $34.76M | $32.11M | $22.55M | $40.09M | $18.84M | $38.13M | $20.50M | $17.27M | $17.13M | $13.06M | $12.27M | $10.30M | $8.75M | $6.31M | $6.49M | $8.83M | $4.31M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.23% | 0.89% | 1.49% | 0.91% | 1.33% | 1.03% | 1.42% | 1.40% | 1.15% | 1.06% | 1.27% | 1.10% | 1.44% | 1.12% | 1.59% |
Nova's average Quarter net income forecast for Jun 23 is $32.39M, with a range of $32.11M to $32.47M. 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 | 1 | 1 | 3 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | - | 1 | 1 | 1 | 11 | 11 | 9 | 8 | 8 | 7 | 5 |
| 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 | $31.63M | $30.15M | $28.68M | $27.21M | $28.54M | $28.42M | $27.88M | $26.92M | $26.15M | $25.28M | $21.79M | $16.61M | $18.83M | $18.11M | $17.90M | $15.10M | $21.74M | $10.31M | $20.15M | $13.73M | $16.98M | $9.37M | $9.13M | $11.39M | $8.57M | $8.30M | $11.85M | $6.36M | $9.48M | $6.17M |
| High Forecast | $31.69M | $30.21M | $28.74M | $27.27M | $28.60M | $28.48M | $27.94M | $26.97M | $26.21M | $25.33M | $21.83M | $19.93M | $18.87M | $18.27M | $17.93M | $18.12M | $21.79M | $12.37M | $20.15M | $16.47M | $20.38M | $11.25M | $10.96M | $13.67M | $10.29M | $9.96M | $14.22M | $7.63M | $11.38M | $7.40M |
| Low Forecast | $31.42M | $29.95M | $28.49M | $27.03M | $28.35M | $28.23M | $27.70M | $26.74M | $25.98M | $25.11M | $21.64M | $13.29M | $18.71M | $18.02M | $17.78M | $12.08M | $21.60M | $8.25M | $20.15M | $10.98M | $13.59M | $7.50M | $7.30M | $9.11M | $6.86M | $6.64M | $9.48M | $5.08M | $7.59M | $4.94M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.23% | 0.88% | 1.82% | 0.98% | 1.33% | 1.03% | 1.42% | 1.40% | 1.15% | 1.06% | 1.27% | 1.10% | 1.44% | 1.12% | 1.59% |
Nova's average Quarter SG&A projection for Jun 23 is $17.90M, based on 2 Wall Street analysts, with a range of $17.78M to $17.93M. 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 | 1 | 1 | 3 | 1 | - | 1 | 4 | 2 | 2 | 1 | 1 | 1 | - | 1 | 1 | 1 | 11 | 11 | 9 | 8 | 8 | 7 | 5 |
| 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 | $1.89 | $1.79 | $1.71 | $1.60 | $1.84 | $1.84 | $1.83 | $1.75 | $1.69 | $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 | $1.89 | $1.79 | $1.71 | $1.60 | $1.84 | $1.84 | $1.84 | $1.75 | $1.70 | $1.68 | $1.36 | $1.28 | $1.24 | $1.11 | $1.01 | $1.05 | $1.26 | $1.18 | $1.19 | $1.05 | $1.05 | $0.92 | $0.73 | $0.63 | $0.52 | $0.47 | $0.44 | $0.36 | $0.46 | $0.29 |
| Low Forecast | $1.87 | $1.77 | $1.70 | $1.59 | $1.82 | $1.82 | $1.82 | $1.73 | $1.68 | $1.67 | $1.34 | $1.26 | $1.23 | $1.08 | $1.00 | $1.04 | $1.24 | $1.16 | $1.19 | $1.04 | $1.04 | $0.91 | $0.72 | $0.62 | $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 $1.00 and a high estimate of $1.01. 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 | $2.22 | $5.38 | 142.34% | Buy |
| IPGP | IPG Photonics | $68.81 | $146.00 | 112.18% | Buy |
| UCTT | Ultra Clean | $34.25 | $56.00 | 63.50% | Buy |
| ICHR | Ichor | $28.93 | $47.00 | 62.46% | Buy |
| KLIC | Kulicke and Soffa Industries | $40.99 | $65.00 | 58.58% | Hold |
| ACLS | Axcelis | $99.77 | $137.00 | 37.32% | Buy |
| COHU | Cohu | $24.95 | $34.00 | 36.27% | Buy |
| ONTO | Onto Innovation | $192.05 | $257.50 | 34.08% | Buy |
| ENTG | Entegris | $111.64 | $146.64 | 31.35% | Buy |
| NVMI | Nova | $194.71 | $217.00 | 11.45% | Buy |
| VECO | Veeco Instruments | $30.93 | $34.33 | 10.99% | Buy |
NVMI Forecast FAQ
Is Nova a good buy?
Yes, according to 4 Wall Street analysts, Nova (NVMI) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 75.00% of NVMI's total ratings.
What is NVMI's price target?
Nova (NVMI) average price target is $217 with a range of $210 to $224, implying a 11.45% from its last price of $194.71. The data is based on 4 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Nova stock go up soon?
According to Wall Street analysts' prediction for NVMI stock, the company can go up by 11.45% (from the last price of $194.71 to the average price target of $217), up by 15.04% based on the highest stock price target, and up by 7.85% based on the lowest stock price target.
Can Nova stock reach $300?
NVMI's average twelve months analyst stock price target of $217 does not support the claim that Nova can reach $300 in the near future.
What is Nova's current price target trend?
1 Wall Street analyst forecast a $224 price target for Nova (NVMI) this month, up 15.04% from its last price of $194.71. Compared to the last 3 and 12 months, the average price target increased by 15.04% and increased by 11.45%, respectively.
What are Nova's analysts' financial forecasts?
Nova's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $759.83M (high $761.33M, low $754.79M), average EBITDA is $198.43M (high $198.83M, low $197.12M), average net income is $233.89M (high $234.49M, low $231.87M), average SG&A $111.77M (high $111.99M, low $111.02M), and average EPS is $7.25 (high $7.27, low $7.19). NVMI's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $800M (high $801.58M, low $794.69M), average EBITDA is $208.92M (high $209.34M, low $207.54M), average net income is $225.35M (high $225.93M, low $223.41M), average SG&A $117.68M (high $117.91M, low $116.89M), and average EPS is $6.99 (high $7.01, low $6.93).
Did the NVMI's actual financial results beat the analysts' financial forecasts?
Based on Nova's last annual report (Dec 2022), the company's revenue was $570.73M, beating the average analysts forecast of $553.03M by 3.20%. Apple's EBITDA was $164.58M, beating the average prediction of $134.45M by 22.42%. The company's net income was $140.21M, beating the average estimation of $127.75M by 9.76%. Apple's SG&A was $75.97M, beating the average forecast of $65.93M by 15.24%. Lastly, the company's EPS was $4.89, beating the average prediction of $4.66 by 5.01%. In terms of the last quarterly report (Mar 2023), Nova's revenue was $132.19M, beating the average analysts' forecast of $130.06M by 1.64%. The company's EBITDA was $39.52M, beating the average prediction of $34.63M by 14.13%. Nova's net income was $34.63M, beating the average estimation of $28.18M by 22.86%. The company's SG&A was $18.56M, beating the average forecast of $15.1M by 22.93%. Lastly, the company's EPS was $1.21, beating the average prediction of $1.05 by 15.78%