Camtek price target raised to $50 from $35 at Jefferies

Jefferies analyst Vedvati Shrotre raised the firm’s price target on Camtek to $50 from $35 and keeps a Buy rating on the shares after the company announced new orders for 42 systems, primarily for chiplet and HBM modules, from tier-1 semi manufacturers. Jefferies estimates revenue potential of about $40M and expect second half revenues to grow 11%, the analyst tells investors.