Is Nova Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 3 Wall Street analysts covering (NASDAQ: NVMI) stock is to Strong Buy NVMI stock.
Out of 3 analysts, 2 (66.67%) are recommending NVMI as a Strong Buy, 1 (33.33%) are recommending NVMI as a Buy, 0 (0%) are recommending NVMI as a Hold, 0 (0%) are recommending NVMI as a Sell, and 0 (0%) are recommending NVMI as a Strong Sell.
What is NVMI's forecast return on equity (ROE) for 2023-2023?
(NASDAQ: NVMI) forecast ROE is 20.41%, which is considered strong.
What is NVMI's Price Target?
According to 3 Wall Street analysts that have issued a 1 year NVMI price target, the average NVMI price target is $120.00, with the highest NVMI stock price forecast at $135.00 and the lowest NVMI stock price forecast at $110.00.
On average, Wall Street analysts predict that Nova's share price could reach $120.00 by Aug 4, 2024. The average Nova stock price prediction forecasts a potential upside of 9.15% from the current NVMI share price of $109.94.
What is NVMI's forecast return on assets (ROA) for 2023-2023?
(NASDAQ: NVMI) forecast ROA is 13.01%, which is lower than the forecast US Semiconductor Equipment & Materials industry average of 20.35%.
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