Camtek Ltd (Symbol: CAMT) recently saw its shares exceed the average 12-month analyst target price of $72.28, trading at $74.03 each. This movement prompts analysts to either downgrade the stock based on valuation or adjust their price targets higher, reflecting stronger business developments behind the price surge.
Currently, there are seven analysts covering Camtek, with price targets ranging from $65.00 to $77.00, resulting in a standard deviation of $4.029. Recent ratings include five strong buy, one buy, and one hold, with an average rating of 1.43 on a scale where 1 indicates a strong buy and 5 a strong sell.
This data was sourced from Zacks Investment Research, indicating a generally bullish sentiment among analysts regarding Camtek’s future prospects.
