Tag: Nova
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Nova (NVMI) fell 381 TP3 T from June high despite record quarter — fair value is $357
Despite a record second quarter and upgraded guidance, Nova (NVMI) stock has fallen 381 TP3T from its June high. This is the result of a combination of tariffs and concerns regarding the late stage of the cycle. The 12-month baseline target price, based on an appropriate multiple of 29x, is $357 (approximately 507,654 KRW), and the investment rating is Hold.