Nova Ltd. (NVMI) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$534.54
Price Target
$489.50
Target Range
$453.00 — $520.00
Analyst Rating
Buy
Forward P/E51.8x
Trailing P/E93.0x
Forward PEG1.43
Implied Growth+34.8%
Median Target$492.50
Analyst Spread13.7%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$453
-15.3%
Consensus
$490
-8.4%
Bull Case
$520
-2.7%
Valuation Model TargetsConfidence: 62/100
Bear$217
Base$1183
Bull$1363
NVMI Price Target Analysis
Updated May 7, 2026As of May 7, 2026, Nova Ltd. (NVMI) has a Wall Street consensus price target of $489.50, based on estimates from 12 covering analysts. With the stock currently trading at $534.54, this represents a potential downside of -8.4%. The company has a market capitalization of $15.65B.
Analyst price targets range from a low of $453.00 to a high of $520.00, representing a 14% spread in expectations. The median target of $492.50 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Buy, with 12 analysts rating the stock as a Buy or Strong Buy,0 rating it Hold, and 0 rating it Sell or Strong Sell. This overwhelmingly bullish sentiment suggests analysts see significant catalysts for upside ahead.
From a valuation perspective, NVMI trades at a trailing P/E of 93.0x and forward P/E of 51.8x. The forward PEG ratio of 1.43 indicates reasonable valuation for growth. Analysts expect EPS to grow +34.8% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $1182.61, with bear and bull scenarios of $216.71 and $1363.36 respectively. Model confidence stands at 62/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside-11.5%
Avg Forward P/E49.0x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 ONTOOnto Innovation Inc. | $14.6B | $294.05 | $308.33 | +4.9% | Buy | 41.6x | 11 |
 MKSIMKS Inc. | $19.8B | $293.77 | $272.86 | -7.1% | Buy | 29.7x | 29 |
 CAMTCamtek Ltd. | $7.2B | $202.54 | $165.60 | -18.2% | Buy | 58.2x | 13 |
 COHUCohu, Inc. | $2.3B | $49.62 | $49.75 | +0.3% | Buy | 93.2x | 14 |
 KLICKulicke and Soffa Industries, Inc. | $4.9B | $93.78 | $62.50 | -33.4% | Buy | 35.7x | 11 |
 KLACKLA Corporation | $238.6B | $1816.29 | $1819.38 | +0.2% | Buy | 49.4x | 44 |
 AMATApplied Materials, Inc. | $339.9B | $428.62 | $426.39 | -0.5% | Buy | 38.7x | 53 |
 LRCXLam Research Corporation | $371.1B | $297.17 | $290.65 | -2.2% | Buy | 52.6x | 50 |
 ACMRACM Research, Inc. | $3.7B | $55.38 | $40.00 | -27.8% | Buy | 27.8x | 10 |
 ICHRIchor Holdings, Ltd. | $2.5B | $72.51 | $49.80 | -31.3% | Buy | 63.4x | 14 |
Upside Potential Comparison
ONTOCOHUKLACAMATLRCXMKSICAMTACMRFull NVMI Stock Analysis
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Start ComparisonNVMI — Frequently Asked Questions
Quick answers to the most common questions about buying NVMI stock.
What is the NVMI stock price target for 2026?
Wall Street's consensus price target for NVMI is $489.5, -8.4% from its current price of $534.54. The below-market target from 12 analysts suggests limited near-term appreciation.
Is NVMI a buy, sell, or hold?
NVMI has a consensus rating of "Buy" based on 12 Wall Street analysts. The rating breakdown is predominantly bullish, with 12 Buy/Strong Buy ratings. The consensus 12-month price target of $489.5 implies -8.4% downside from current levels.
Is NVMI stock overvalued or undervalued?
At a forward P/E of 51.7524x, NVMI trades at a premium valuation. The consensus price target of $489.5 (-8.4% downside) suggests analysts may view current valuations as stretched.
How high can NVMI stock go?
The most bullish Wall Street analyst has a price target of $520 for NVMI, while the most conservative target is $453. The consensus of $489.5 represents the median expectation. Our quantitative valuation model projects a bull case target of $1363 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover NVMI stock?
NVMI is moderately covered, with 12 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 12 have Buy ratings, 0 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the NVMI stock forecast?
The 12-month NVMI stock forecast based on 12 Wall Street analysts shows a consensus price target of $489.5, with estimates ranging from $453 (bear case) to $520 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $1183, with bear/bull scenarios of $217/$1363.
What is NVMI's fair value based on fundamentals?
Our quantitative valuation model calculates NVMI's fair value at $1183 (base case), with a bear case of $217 and bull case of $1363. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 62/100.
What is NVMI's forward P/E ratio?
NVMI trades at a forward P/E ratio of 51.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 93.0x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy NVMI stock?
Analysts are cautious on NVMI, with 0 Sell ratings and a price target of $489.5 (-8.4% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do NVMI price targets vary so much?
NVMI analyst price targets range from $453 to $520, a 14% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $489.5 consensus represents the middle ground. Our model's $217-$1363 range provides an independent fundamental perspective.