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

Published on 10/14/2026 at 11:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi's October 8, 2026 note set the target at USD 415, down from USD 550. Nova stock costs EUR 306.50 on October 14, 2026.

Analyst downgrade and operating growth

Citi cut Nova's target from USD 550 to USD 415 on October 8, 2026.
Second-quarter 2026 revenue reached USD 254.96 million, up 15.90 percent year over year.
Nova stock traded at EUR 306.50 at 11:01 a.m. CEST at Lang & Schwarz on October 14, 2026.

NVMI, IL0010845571, Illustration mit AI erstellt.

Nova Ltd. (IL0010845571) stock is trading at EUR 306.50 at Lang & Schwarz on October 14, 2026 at 11:01 a.m. CEST. On October 8, 2026, Citi analyst Atif Malik cut Nova's rating to Neutral from Buy and reduced the price target from USD 550 to USD 415, according to Markets Insider.

Three dated signals shape the setup

On May 14, 2026, Nova reported first-quarter revenue of USD 235.31 million, according to Simply Wall St. On August 6, 2026, second-quarter revenue reached USD 254.96 million, up 15.90 percent year over year, while net income reached USD 75.01 million, according to Yahoo Finance.

The October 8, 2026 Citi action is the latest of these three dated signals. Its USD 135 target reduction places valuation discipline beside a business that is still expanding at a double-digit rate.

What does the next quarter require?

Nova's second-quarter 2026 earnings call set third-quarter revenue guidance at USD 277 million to USD 287 million and non-GAAP earnings per share guidance at USD 2.70 to USD 2.85, according to Benzinga. The midpoint of that revenue range is USD 282 million, which would represent another sequential increase from USD 254.96 million.

The same call reported a second-quarter 2026 GAAP gross margin of 57.00 percent and a GAAP operating margin of 30.00 percent. Advanced packaging contributed nearly 25.00 percent of product revenue, giving investors a measurable link between semiconductor complexity and Nova's growth profile.

Next reporting date and valuation

MarketBeat lists November 5, 2026 as the estimated date for Nova's third-quarter 2026 report, before market open, with an 8:30 a.m. ET conference call. The page gives consensus estimates of USD 282.14 million in revenue and USD 2.77 in earnings per share for that quarter.

For market context, Nova's market capitalization was USD 10.9 billion as of October 13, 2026. The 52-week range was USD 266.43 to USD 615.99, so the rating cut arrived while the stock remained materially below its yearly high in the primary Nasdaq listing.

Nova stock price at Lang & Schwarz

Nova stock was trading at EUR 306.50 at Lang & Schwarz on October 14, 2026 at 11:01 a.m. CEST. The Xetra close required for a percentage comparison is not included.

The further course of trading is shown by the continuously updated real-time quote of Nova stock.