Morgan Stanley to $453, BofA to $510, Jefferies to $520 on Nova after Q4 beat
On Feb 13, Morgan Stanley raised its price target on Nova Ltd to $453 from $335, citing in-line Q4 results and wafer-fab guidance and maintained an Equal Weight rating. Bank of America and Jefferies lifted their targets to $510 and $520 respectively after Nova reported Q4 revenue of $222.6M.
1. Analyst Price Target Updates
On Feb 13 Morgan Stanley raised its price target on Nova Ltd to $453 from $335 and maintained an Equal Weight rating, noting in-line earnings and wafer-fab equipment outlook. Bank of America increased its target to $510 from $450 with a Buy rating, and Jefferies lifted its target to $520 from $390, citing conservative growth outlook with room for upside.
2. Q4 Financial Results
Nova reported Q4 revenue of $222.6 million versus consensus of $220.8 million. CEO Gaby Waisman said 2025 delivered record revenue and profitability while supporting manufacturing challenges across both advanced and mature nodes.
3. Growth and Product Adoption Outlook
Analysts forecast acceleration in second-half 2026 sales driven by new product adoption and broad-based wafer-fab equipment demand, with advanced metrology solutions positioned to capitalize on the semiconductor investment cycle.