Nova Ltd. (NVMI) Stock Forecast Oct. 16, 2026
Analysis updated on Oct. 16, 2026 (UTC) · Total · absolute moveSwitch to Alpha · Nasdaq
Nova Ltd. (NVMI) stock forecast summary
Our AI ranks Nova Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
Nova Ltd. is a large-cap company with a market capitalization of $10.21B. It ranks number 3 by market capitalization among the 7 Optical Instruments & Lenses issuers in our coverage with a current forecast.
For NVMI, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 47.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 16.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected absolute price move over the horizon, market included. This is the number a price target is built from. Ratings: strong buy ≥ +5.1%, buy ≥ +3.4%, sell < +1.8%, strong sell < +0.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-10-16 signals)
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How NVMI ranks among 5184 stocks
90D Total forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Nova Ltd. (NVMI) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Optical Instruments & Lenses peers listed below that report each metric.
Valuation & Market
| Metric | NVMI | Rank |
|---|---|---|
| Market Cap | $10.21B | 3/7 |
| P/E Ratio | 30.68x | 4/5 |
| P/B Ratio | 7.74x | 5/7 |
| EPS | $10.47 | – |
| Book Value/Share | $41.48 | – |
Profitability & Margins
| Metric | NVMI | Rank |
|---|---|---|
| ROE | 25.7% | 3/6 |
| ROA | 14.4% | 2/6 |
| ROIC | 15.6% | 3/5 |
| Gross Margin | 57.3% | 2/5 |
| Operating Margin | 28.3% | 1/5 |
| Net Margin | 28.8% | 2/6 |
| EBT Margin | 33.6% | 2/7 |
| Tax Rate | 14.3% | – |
Financial Health
| Metric | NVMI | Rank |
|---|---|---|
| Current Ratio | 6.28x | 4/6 |
| Quick Ratio | 5.47x | 3/6 |
| D/E Ratio | 0.79x | 4/7 |
| Financial Leverage | 1.79x | 3/6 |
| Interest Coverage | 62.4x | 2/6 |
| Working Capital | $1.19B | 2/6 |
Cash Flow
| Metric | NVMI | Rank |
|---|---|---|
| Operating Cash Flow | $335M | 2/7 |
| OCF Growth YoY | 279.7% | 1/5 |
Operational Efficiency
| Metric | NVMI | Rank |
|---|---|---|
| Inventory Turnover | 2.7x | 2/5 |
| Days Inventory | 133 days | 4/5 |
| Payables Period | 34 days | 2/5 |
Income Statement
| Metric | NVMI | Rank |
|---|---|---|
| Operating Income | $333M | 1/5 |
| Net Income | $339M | 2/6 |
| R&D Expense | $193M | – |
| SG&A Expense | $223M | 3/6 |
| Cost of Goods Sold | $503M | 3/6 |
Dividend & Shareholder Information
| Metric | NVMI | Rank |
|---|---|---|
| Shares Outstanding | 32M | – |
| EPS Growth | 302.6% | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $1.41B | 59.8% of assets |
| Cash & Short-term Investments | $214M | 9.1% of assets |
| Accounts Receivable | $152M | 6.4% of assets |
| Inventory | $184M | 7.8% of assets |
| Total Liabilities | $1.04B | 44.2% of assets |
| Short-term Debt | $178M | 7.5% of assets |
NVMI quarterly financials and insider trading
Nova Ltd. (NVMI) industry peers
Companies classified under the same SEC industry code as Nova Ltd. (Optical Instruments & Lenses): 7 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
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Nova Ltd. (NVMI) stock news
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Nova Ltd. (NVMI) stock forecast FAQ
What is the Nova Ltd. (NVMI) stock forecast?
Our AI ranks Nova Ltd. outside the neutral middle of its coverage (a directional signal). Create a free account and follow it to see the exact price target.
How accurate are Nova Ltd. stock predictions?
For NVMI, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 47.0%, measured on 357 forecast dates between 2022-07-29 and 2026-07-17 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 16.0%, measured on 400 forecast dates between 2022-07-29 and 2026-09-16. Across our coverage, the out-of-sample test on 4495 stocks from 2025-01-06 to 2026-07-07 produced a positive net return in 82.5% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Nova Ltd. forecasts updated?
Nova Ltd. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Oct. 16, 2026.
Which companies are Nova Ltd.'s industry peers?
7 issuers in our coverage, NVMI included, share the SEC industry code Optical Instruments & Lenses. The largest are: Kla Corp (KLAC), Coherent Corp. (COHR), Camtek Ltd (CAMT), Syntec Optics Holdings, Inc. (OPTX), Optex Systems Holdings Inc (OPXS), Multisensor Ai Holdings, Inc. (MSAI).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.