Morgan Stanley downgraded Camtek Ltd. (CAMT) on Nov. 2, projecting 2029 revenue and earnings below the company's targets and signaling a gap between the bank's outlook and the company's goals.
The bank's 2029 model calls for $1.06 billion in revenue and earnings of $7.25 per share. Camtek's targets are $1.2 billion and $7.80, respectively, putting the bank's estimates $140 million and 55 cents below the company's goals.
Morgan Stanley's forecast suggests Camtek may approach the company's midterm financial model by calendar 2029. The bank described investor optimism about Camtek as already reflected in its valuation.
