Citi cuts Nova target from USD 550 to USD 415 for Nova stock

Published on 10/21/2026 at 10:51 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue hit USD 254.96 million, up 15.90 percent year over year. Nova stock costs EUR 286.30 on October 21, 2026 with USD 9.64 billion cap.

Analyst caution meets operating growth

Citigroup cut its Nova target from USD 550 to USD 415 on October 8, 2026.
Second-quarter revenue reached USD 254.96 million, up 15.90 percent year over year.
Nova stock traded at EUR 286.30 at 10:44 a.m. CEST at Lang & Schwarz on October 21, 2026.

NVMI, IL0010845571, Illustration mit AI erstellt.

Nova Ltd. (IL0010845571) traded at EUR 286.30 at Lang & Schwarz at 10:44 a.m. CEST on October 21, 2026. Markets Insider reported on October 8, 2026 that Citigroup downgraded Nova from Buy to Neutral and cut its price target from USD 550 to USD 415.

Why did Citi cut the target?

The downgrade puts analyst caution beside strong operating growth. The cited reason was slower estimate-revision momentum in the semiconductor industry, while the USD 415 target remained above Nova's US market quotation reported at the time. The target cut was USD 135, or 24.55 percent, from USD 550.

Three dates frame NVMI

On August 7, 2026, Nova reported second-quarter revenue of USD 254.96 million and adjusted earnings per share of USD 2.51, according to MarketBeat. Revenue increased 15.90 percent year over year, and adjusted earnings per share exceeded the USD 2.41 consensus estimate by USD 0.10.

On September 2, 2026, the board authorized a USD 200.00 million share repurchase program, covering up to 1.90 percent of outstanding shares, according to MarketBeat. On October 8, 2026, Citigroup lowered its rating and target to Neutral and USD 415, respectively, according to Markets Insider.

What comes next for Nova?

The next scheduled reporting date is November 5, 2026, when Nova is expected to report third-quarter results, according to Simply Wall St. For the third quarter, company guidance called for revenue of USD 277 million to USD 287 million and adjusted earnings per share of USD 2.70 to USD 2.85, according to Benzinga. The range gives investors a concrete test of whether demand can offset the more cautious valuation view.

Stock valuation remains the counterpoint

Nova's market capitalization was USD 9.64 billion as of October 20, 2026, while its primary listing is Nasdaq under ticker NVMI. The company develops process-control and metrology systems for semiconductor manufacturing, with exposure to logic, foundry, memory and advanced packaging.

Nova stock was trading at EUR 286.30 at Lang & Schwarz on October 21, 2026 at 10:44 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Nova stock.