Camtek Price Target Raised to $190 on Renewed Top-Line Momentum and AI-Driven Growth Outlook
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Analyst Charles Shi from Needham has raised the price target for Camtek to $190 from $175, maintaining a Buy rating. This decision is based on renewed top-line momentum and strong profitability, with Camtek exceeding first-quarter revenue guidance and maintaining a 51% non-GAAP gross margin. The company derives about half of its sales from AI and high-performance computing. Shi projects a 7% sequential revenue increase for Q2 and expects second-half 2026 sales to exceed the first half by over 25%. Despite a 15% year-over-year growth outlook, he attributes stock pressure to tough comparisons rather than weak fundamentals.
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