Citigroup cuts Nova stock target from USD 550 to USD 415

Published on 10/09/2026 at 12:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue was USD 254.96 million, up 15.90 percent year over year. Nova stock costs EUR 318.60 on October 9, 2026 versus EUR 316.30.

Key points in brief

Citigroup cut Nova's price target from USD 550.00 to USD 415.00 on October 8, 2026.
Nova reported USD 254.96 million revenue in the second quarter of 2026, up 15.90 percent year over year.
Lang & Schwarz quoted Nova at EUR 318.60 on October 9, 2026, plus 0.73 percent versus its EUR 316.30 prior close.
Nova's next earnings report is scheduled for November 5, 2026.

NVMI, IL0010845571, Illustration mit AI erstellt.

Nova (IL0010845571) was quoted at EUR 318.60 at Lang & Schwarz on October 9, 2026 at 12:37 p.m. CEST. On October 8, 2026, Citigroup had cut its Nova price target from USD 550.00 to USD 415.00, according to MarketBeat. The 24.55 percent reduction puts valuation discipline alongside the company's recent operating growth.

What does the target cut mean?

Citigroup's move changed both the rating and the target, shifting Nova from Buy to Neutral and lowering the reference value to USD 415.00. The target is an analyst assessment rather than company guidance, so the key investor question is whether quarterly execution can continue to offset a lower valuation multiple.

Nova's second-quarter 2026 revenue reached USD 254.96 million, compared with a USD 250.33 million consensus estimate, while adjusted earnings per share reached USD 2.51 against USD 2.41 expected. MarketBeat reported the figures and said revenue increased 15.90 percent year over year.

Three dated signals for Nova

On August 7, 2026, Nova reported second-quarter revenue of USD 254.96 million and adjusted earnings per share of USD 2.51, according to MarketBeat. On September 2, 2026, Nova's board authorized a USD 200.00 million share repurchase program covering up to 1.90 percent of outstanding shares, the same source reported. On October 8, 2026, Citigroup cut its target from USD 550.00 to USD 415.00 and changed its rating from Buy to Neutral, according to MarketBeat.

Next dates and operating evidence

Nova's next earnings report is scheduled for November 5, 2026, according to Investing.com. The second-quarter net margin was 28.84 percent, while the reported revenue beat consensus by USD 4.63 million, giving investors a concrete operating counterweight to the lower target.

Nova stock trades above its prior close

Nova was trading at EUR 318.60 at Lang & Schwarz on October 9, 2026 at 12:37 p.m. CEST, plus 0.73 percent versus the Lang & Schwarz prior close of EUR 316.30 on October 8, 2026. The finance quote showed a market capitalization of USD 11.3 billion and a 52-week range of USD 266.43 to USD 615.99 as of October 8, 2026.

The further course of trading is shown by the continuously updated real-time quote of Nova stock.