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D.A. Davidson Raises Price Target On Nanometrics Following Solid 4Q Results

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In a report published Tuesday, D.A. Davidson analyst Thomas Diffely reiterated a Neutral rating on Nanometrics (NASDAQ: NANO), and raised the price target from $16.00 to $18.00.

In the report, D.A. Davidson noted, “4Q results modestly exceed expectations. Revenue of $40 million surpassed our consensus-matching estimate of $38 million and was at the high end of the guidance range. Pro forma EPS of $(0.12) was narrower than the Street estimate of $(0.15). Pro forma GM of 45.4% came in modestly above the midpoint of guidance (43.0%-47.0%).”

Nanometrics closed on Monday at $15.75.

Latest Ratings for NANO

DateFirmActionFromTo
Jun 2019Initiates Coverage OnBuy
May 2019UpgradesNeutralBuy
Apr 2019Initiates Coverage OnBuy

View More Analyst Ratings for NANO
View the Latest Analyst Ratings

Posted-In: D.A. Davidson Thomas DiffelyAnalyst Color Price Target Analyst Ratings

 

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