Evercore ISI analyst Vedvati Shrotre raised the firm’s price target on Camtek (CAMT) to $130 from $100 and keeps an Outperform rating on the shares. Q3 earnings “showcased a solid performance,” but the upcoming quarter might see a slight dip with EPS projected 1c below consensus due to increased OpEx and lower gross margins, the analyst tells investors. Despite some short-term headwinds, the company’s strategy to capitalize on tech transitions and its robust platform offerings positions it favorably for future growth, the analyst added.
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