NVMI: DRAM Fab Investment Trends And AI Demand Will Shape Future Performance

AN

AnalystConsensusTarget

AnalystConsensusTarget

Not Invested

Based on Analyst Price Targets

Published

28 Aug 24

Updated

01 Dec 25

n/a

n/a

AnalystConsensusTarget's Fair Value

n/a

1Y

75.3%

7D

4.4%

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1Y

75.3%

7D

4.4%

You can edit this narrative until Dec 2 5:10 PM. Then, changes will post as Updates.

Author's Valuation

US$365.838.0% undervalued

AnalystConsensusTarget Fair Value

Shared on 01 Dec 25

NVMI: Increased DRAM Fab Spending Will Strengthen Upcoming AI Market Position

Nova's analyst price target has been raised from $300 to $390. This change reflects an improved outlook and increased optimism among analysts following recent industry discussions and signs of stronger demand in the AI and DRAM sectors.

Shared on 17 Nov 25

Fair value Increased 14%

NVMI: DRAM Investment Momentum Will Drive AI Market Leadership Ahead

Analysts have raised Nova's fair value estimate from $321.67 to $365.83, citing improved outlooks for DRAM investment as well as stronger positioning in AI computing technologies. Analyst Commentary Recent street research highlights notable shifts in sentiment toward Nova, with optimism focused on its enhanced position in the AI computing market and a more promising environment for DRAM investment.

Shared on 02 Nov 25

Analysts have raised their price target for Nova from $300 to $390, citing optimism due to improved trends in DRAM fab investment and stronger positioning in AI computing following recent industry discussions. Analyst Commentary Bullish analysts have identified several factors supporting Nova's upward price target revision and positive growth outlook.

Shared on 18 Oct 25

Fair value Increased 4.89%

Narrative Update: Nova Price Target Revision Analysts have raised Nova's fair value estimate from $306.67 to $321.67, citing improved near-term demand in semiconductor markets and stronger positioning in AI computing as key drivers of the higher outlook. Analyst Commentary Recent updates from Street research highlight both supportive and cautious perspectives regarding Nova's latest price target revision.

Shared on 04 Oct 25

Fair value Increased 2.79%

Nova's fair value price target has been raised by analysts from $298.33 to $306.67. This change reflects updated expectations on company performance and refined market assumptions.

Shared on 08 Aug 25

Fair value Increased 8.88%

Driven by stronger adoption of materials metrology solutions, increased leading-edge WFE demand, and ongoing market share gains, Nova’s consensus analyst price target has been raised from $274 to $290. Analyst Commentary Leverage to leading-edge technology driving upside potential Increased adoption of Materials Metrology solutions Strong wafer fab equipment (WFE) demand, particularly in leading-edge segments Ongoing market share gains in dimensional and chemicals segments Greenfield expansion supporting growth in Materials Metrology What's in the News Nova Ltd.

Shared on 07 May 25

Fair value Decreased 11%

Shared on 30 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 23 Apr 25

Fair value Increased 1.98%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 17 Apr 25

Fair value Decreased 3.13%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 09 Apr 25

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 02 Apr 25

Fair value Increased 18%

AnalystConsensusTarget has increased revenue growth from 12.3% to 15.6%, increased future PE multiple from 36.3x to 41.7x and increased shares outstanding growth rate from 0.0% to 0.0%.

Shared on 26 Mar 25

Fair value Decreased 5.98%

Shared on 19 Mar 25

Fair value Decreased 0.75%

AnalystConsensusTarget made no meaningful changes to valuation assumptions.

Shared on 10 Mar 25

Fair value Increased 7.17%

AnalystConsensusTarget has increased discount rate from 9.3% to 11.4%.

AnalystConsensusTarget Fair Value

US$365.83

8.0% undervalued

Future estimation in

% p.a.

0

Decrease

Increase

Current revenue growth rate

13.33%

Semiconductors revenue growth rate

0.98%

Risk Level (Discount Rate)

Our default considers factors like the company's size, volatility, profitablity and country of operation.

%

0

Decrease

Increase

Current discount rate

13.97%

Calculation

US$368.20m

Earnings '28

x

45.58x

PE Ratio '28

=

US$16.78b

Market Cap '28

US$16.78b

Market Cap '28

/

32.00m

No. shares '28

=

US$524.48

Share Price '28

US$524.48 Share Price '28

Discounted to 2025 @ 13.96% p.a.

=

US$354.42

Fair Value '25