Camtek price target raised to $102 from $99 at Northland

Northland raised the firm’s price target on Camtek (CAMT) to $102 from $99 and keeps an Outperform rating on the shares after the company reported EPS above consensus and increased guidance. Camtek is seeing continued strength in HPC applications but also noted a broadening demand for fan-out applications, CMOS image sensors, and front-end applications, which the firm believes “foreshadows an improvement in mobile phone and potentially PC demand” in calendar 2025.