---
title: "Camtek Price Target Raised to $190 on Renewed Top-Line Momentum and AI-Driven Growth Outlook"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286142341.md"
description: "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."
datetime: "2026-05-12T18:25:22.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286142341.md)
  - [en](https://longbridge.com/en/news/286142341.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286142341.md)
---

# Camtek Price Target Raised to $190 on Renewed Top-Line Momentum and AI-Driven Growth Outlook

Analyst Charles Shi from Needham maintained a Buy rating on Camtek and increased the price target to $190.00 from $175.00.

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Charles Shi has given his Buy rating due to a combination of factors including renewed top-line momentum and resilient profitability. Camtek slightly exceeded its first-quarter revenue guidance, maintained a non-GAAP gross margin around 51%, and continues to derive roughly half of its sales from AI and high-performance computing, underscoring a healthy mix in structurally growing end markets.

Shi also highlights a clear acceleration path, with second-quarter revenue guided up about 7% sequentially and management projecting second-half 2026 sales more than 25% above the first half, alongside higher gross margins driven by new products. While the company’s full-year growth outlook of roughly 15% year over year trails some peers and has pressured the stock, he views this as a function of tougher comparisons rather than weaker fundamentals, and he lifts his price target to $190 based on a 40x multiple of updated 2027 non-GAAP EPS.

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