Camtek price target raised to $70 from $55 at Northland

Northland raised the firm’s price target on Camtek to $70 from $55 and keeps an Outperform rating on the shares after the company reported a “solid” quarter and provided an “upbeat outlook” into calendar 2024. Camtek benefits from the shift to advanced packaging as a critical driver of smaller, faster, and cheaper electronics and this trend is still in the early innings, says the analyst in a note partially titled “Riding the Advanced Packaging Tsunami.”