Camtek price target raised to $72 from $66 at BofA

BofA raised the firm’s price target on Camtek to $72 from $66 and keeps a Buy rating on the shares, citing better September quarter results and December quarter guidance as well as continued order visibility into calendar 2024. The firm’s view remains firm that Camtek can continue to outgrow broader WFE spending into next year and its new sales growth forecast for 2024 is 22% year-over-year including the FRT Metrology business acquisition, or 15% organically.