Citi cuts Nova target from USD 550 to USD 415 for Nova stock

Published on 10/12/2026 at 10:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nova posted USD 255.00 million revenue in the second quarter of 2026, up 16.00 percent. Nova stock trades at EUR 316.30 on October 12, 2026.

Key points in brief

Citi cut Nova's price target from USD 550 to USD 415 on October 8, 2026 and lowered its rating to Neutral.
Nova reported record revenue of USD 255.00 million in the second quarter of 2026, up 16.00 percent year over year.
The Lang and Schwarz quote was EUR 316.30 on October 12, 2026, while Nova's USD 11.2 billion market capitalization was dated October 9, 2026.
Nova's third-quarter 2026 revenue guidance is USD 277.00 million to USD 287.00 million.

NVMI, IL0010845571, Illustration mit AI erstellt.

Nova (ISIN IL0010845571) faces a sharper analyst reset after Citi cut its rating to Neutral from Buy and reduced its price target from USD 550.00 to USD 415.00 on October 8, 2026. As TradingView reported, Citi analyst Atif Malik described Nova's risk-reward balance as neutral while citing slower estimate-revision momentum.

Three events reset the story

On September 2, 2026, Nova authorized a USD 200.00 million share-repurchase program. MarketBeat said the plan covers up to 1.90 percent of outstanding shares.

On October 6, 2026, Nova discussed record second-quarter revenue of USD 255.00 million and non-GAAP earnings per share of USD 2.51. Benzinga reported that revenue increased 16.00 percent year over year and 8.00 percent quarter over quarter.

What does the downgrade change?

The downgrade contrasts with strong operating figures. Nova's second-quarter 2026 GAAP revenue was USD 254.96 million, GAAP net income was USD 75.01 million, gross margin was 57.00 percent, and operating margin was 30.00 percent, according to Benzinga.

Management guided for third-quarter 2026 revenue of USD 277.00 million to USD 287.00 million and non-GAAP earnings per share of USD 2.70 to USD 2.85. Advanced packaging represented nearly 25.00 percent of product revenue in the second quarter of 2026, giving the growth narrative a second engine beyond logic and foundry demand.

Next date and market position

Nova plans to share its next long-term strategic update at an Investor Day in the first quarter of 2027, Benzinga reported. The company operates in semiconductor process control and metrology, where advanced logic, memory and packaging demand determine the pace of tool adoption.

Nova was trading at EUR 316.30 at Lang and Schwarz on October 12, 2026 at 10:11 a.m. CEST. The current quote is stated without a percentage comparison because the dated Xetra closing reference is not included in the available market evidence. The further course of trading is shown by the continuously updated real-time quote of Nova stock.