Camtek price target raised to $90 from $75 at BofA

BofA raised the firm’s price target on Camtek to $90 from $75 and keeps a Buy rating on the shares, citing the company’s “modestly better” results and guidance as well as continued order visibility through calendar year 2024. The firm continues to view Camtek as “a key beneficiary” of the rising demand for AI-related heterogeneous integration chiplets and HBM tools and expects continued WFE outgrowth in 2024, the analyst tells investors.