ETF Analysis: The Invesco Semiconductors ETF (PSI) has an implied analyst target price of $68.78, indicating a potential upside of 13.83% from its current trading price of $60.42.
Key Holdings: Notable underlying holdings with significant upside include Tower Semiconductor Ltd. (TSEM), Camtek Ltd (CAMT), and Nova Ltd (NVMI), which have target prices substantially higher than their recent trading prices.
Performance Insights: TSEM's average target is $63.26 (25.72% upside), CAMT's is $99.10 (18.88% upside), and NVMI's is $284.17 (13.95% upside), collectively representing 8.93% of the PSI ETF.
Analyst Justification: Questions arise regarding whether analysts' target prices are justified or overly optimistic, suggesting the need for further investor research into company and industry developments.
Wall Street analysts forecast NVMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVMI is 355.25 USD with a low forecast of 335.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
7 Analyst Rating
Wall Street analysts forecast NVMI stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for NVMI is 355.25 USD with a low forecast of 335.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Buy
2 Hold
0 Sell
Moderate Buy
Current: 463.020
Low
335.00
Averages
355.25
High
390.00
Current: 463.020
Low
335.00
Averages
355.25
High
390.00
Needham
Hold
to
Buy
upgrade
$500
2026-01-20
New
Reason
Needham
Price Target
$500
AI Analysis
2026-01-20
New
upgrade
Hold
to
Buy
Reason
Needham upgraded Nova to Buy from Hold with a $500 price target. Improving industry conditions are expected to benefit the broader semicap group, including Nova, and its outperformance relative to peers may further widen this year due to its unique participation in China memory WFE upside, the analyst tells investors in a research note. Commentary from the Needham Growth Conference highlighted widespread demand improvement over the past 90 days, reinforcing a broadly bullish outlook across the sector.
Benchmark
NULL -> Buy
upgrade
$280 -> $345
2025-11-07
Reason
Benchmark
Price Target
$280 -> $345
2025-11-07
upgrade
NULL -> Buy
Reason
Benchmark raised the firm's price target on Nova to $345 from $280 and keeps a Buy rating on the shares after the company posted upside for Q3 with record memory sales driven by DRAM and HBM. For 2026, the firm projects non-GAAP EPS growing 12% year-over-year to $9.76 on sales of $932M, the analyst noted.
Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for NVMI
Unlock Now
BofA
Buy
upgrade
$250 -> $270
2025-06-24
Reason
BofA
Price Target
$250 -> $270
2025-06-24
upgrade
Buy
Reason
BofA raised the firm's price target on Nova to $270 from $250 and keeps a Buy rating on the shares. Nova is the analyst's top small-to-mid cap semicap given what it calls "robust leading-edge WFE drivers," including ongoing share gains in the dimensional/chemicals segments, enhanced by greenfield expansion in materials metrology.
Cantor Fitzgerald
Matthew Prisco
Overweight
maintain
$250 -> $300
2025-06-24
Reason
Cantor Fitzgerald
Matthew Prisco
Price Target
$250 -> $300
2025-06-24
maintain
Overweight
Reason
Cantor Fitzgerald analyst Matthew Prisco raised the firm's price target on Nova to $300 from $250 and keeps an Overweight rating on the shares. Nova continues to offer upside given leverage to the leading-edge and increase Materials Metrology adoption, the analyst tells investors in a research note.
About NVMI
Nova Ltd, former Nova Measuring Instruments Ltd,is an Israel based company which provides metrology solutions for the semiconductor manufacturing industry. The Company offers in-line Optical and x-ray stand-alone metrology systems, as well as integrated optical metrology systems, which are attached directly to wafer fabrication process equipment. Its metrology systems measure various film thickness and composition properties, as well as critical-dimension (CD) variables during various front-end and back-end of line steps in the semiconductor wafer fabrication process. Its product portfolio includes a set of in-situ, integrated and stand-alone metrology platforms suited for dimensional, films and material metrology measurements for process control across multiple semiconductor manufacturing process steps. Its products include NovaScan 2040, NovaScan 3090Next, Nova i500, Nova T500, Nova T600, Nova V2600 TSV metrology system among others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
