Morgan Stanley cuts target for Camtek stock to USD 152.00

Published on 10/07/2026 at 09:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Camtek stock trades at EUR 137.68 on October 7, 2026, plus 0.33 percent versus EUR 137.23. Q2 revenue rose 8.00 percent to USD 133.24 million.

Camtek, IL0010952641, Illustration mit AI erstellt.

Camtek (IL0010952641) was trading at EUR 137.68 at Lang & Schwarz on October 7, 2026 at 9:06 a.m. CEST, plus 0.33 percent versus the prior close of EUR 137.23. On September 28, 2026, Morgan Stanley cut its target from USD 165.00 to USD 152.00 while maintaining an Equal Weight rating, as MarketBeat reported.

Target cut meets stronger guidance

The lower target contrasts with Camtek's operating outlook. In the second-quarter 2026 earnings call on August 10, management said revenue reached a record USD 133.24 million, up 8.00 percent from the year-earlier quarter, according to Yahoo Finance.

The same call put non-GAAP gross margin at 51.40 percent and operating income at USD 36.00 million for the second quarter. Operating income rose from USD 31.10 million in the first quarter, while operating margin increased from 25.50 percent to 27.00 percent.

Third-quarter revenue points higher

Management guided for third-quarter 2026 revenue of USD 158.00 million to USD 160.00 million, which the call described as a 20.00 percent sequential increase from second-quarter revenue. The range gives the next report a clear numerical test: the midpoint of USD 159.00 million would be USD 25.76 million above the second-quarter figure.

Order visibility is another central part of the outlook. Camtek said orders received since the start of 2026 exceeded USD 600.00 million, with deliveries scheduled through the rest of 2026 and into 2027; approximately 80.00 percent related to advanced packaging.

Valuation and market levels

For investors, the key tension is the gap between a strong demand outlook and a lower Morgan Stanley target. MarketBeat listed seven Buy ratings and seven Hold ratings, producing a Moderate Buy consensus with an average target of USD 176.75 on September 28, 2026.

Camtek's market capitalization was USD 7.2 billion as of October 6, 2026. Its primary Nasdaq listing showed a 52-week range of USD 91.91 to USD 215.99, leaving the current valuation sensitive to execution against the projected revenue ramp.

Stock holds near EUR 138

Camtek was trading at EUR 137.68 at Lang & Schwarz on October 7, 2026 at 9:06 a.m. CEST, plus 0.33 percent versus the Lang & Schwarz prior close of EUR 137.23. The further course of trading is shown by the continuously updated real-time quote of Camtek stock.