Cantor Fitzgerald analyst Matthew Prisco reiterated an Overweight rating on Nova Measuring Instruments (NASDAQ: NVMI).

The analyst commented, "Expect upside risk to 1H numbers ahead of a more meaningful 2H step-up, with forward outlook likely improving given leading edge F/L, DRAM, and AP leverage. Tough to pound the table on any given quarter here, given mgmt.'s historical conservative bias vs investor expectations, but the long-term picture looks as strong as ever. With CY27 EPS upside to $13.50-15.00 (vs cons $12.64), we continue to see fair value of $525 at a 35x multiple."

For an analyst ratings summary and ratings history on Nova Measuring Instruments click here. For more ratings news on Nova Measuring Instruments click here.

Shares of Nova Measuring Instruments closed at $442.24 yesterday.