Bill Holdings jumps amid reports payments firm is exploring potential sale
Investing.com - Evercore ISI has raised its price target on Camtek (NASDAQ:CAMT) to $130.00 from $100.00 while maintaining an Outperform rating on the semiconductor equipment manufacturer. This target sits between the current analyst high target of $145 and low target of $100, according to InvestingPro data, which also shows Camtek ’s stock has surged 67% over the past six months.
The firm cited Camtek’s strong positioning to benefit from technological transitions in advanced packaging, including HBM4, CoWoS-L, and hybrid bonding technologies.
Evercore ISI highlighted the company’s Eagle G5 and Hawk systems, which offer higher throughput and are expected to account for approximately 50% of Camtek’s revenue by 2026, up from 30% in 2025. This innovation supports Camtek’s impressive 21.12% revenue growth over the last twelve months, with InvestingPro data showing the company earned an overall Financial Health score of "GREAT."
The research firm models Advanced Packaging revenues growing 11% year-over-year in 2026, noting this projection "could likely prove conservative" given industry trends.
The new $130 price target reflects a multiple of 31 times Evercore’s 2028 earnings per share estimate of $5, discounted back to present value.
In other recent news, Camtek reported its third-quarter earnings, surpassing market expectations with an earnings per share of $0.82, slightly above the forecast of $0.81. The company’s revenue reached $126 million, exceeding the anticipated $125.04 million. Camtek’s fourth-quarter guidance also came in ahead of projections from firms like Stifel, which noted the company’s strong performance in high-performance computing and artificial intelligence advanced packaging applications. Stifel subsequently raised its price target for Camtek to $120 while maintaining a Buy rating. Additionally, Jefferies increased its price target on Camtek to $130, also maintaining a Buy rating, citing the company’s strong position in the HBM4 market. Despite these positive results and analyst upgrades, Camtek’s stock experienced a decline due to broader market trends and investor sentiment. These developments reflect Camtek’s ongoing momentum in the semiconductor equipment sector.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.