SpaceX To Rally Around 85%? Here Are 10 Top Analyst Forecasts For Friday

Needham Maintains Buy on Camtek, Lowers Price Target to $170

Needham analyst Charles Shi maintains Camtek (NASDAQ:CAMT) with a Buy and lowers the price target from $190 to $170.

Shares of semiconductor and chip companies are trading lower as rising inflation concerns and elevated energy prices fuel expectations for further Fed rate hikes. Rising borrowing costs could pressure fab and AI infrastructure while straining customers budgets. Semiconductor stocks also faced pressure after South Korea’s Kospi index fell more than 7% overnight.

Shares of semiconductor and chip companies are trading lower amid elevated expectations for Fed rate hikes due to broader inflation and energy challenges. Higher borrowing costs may affect the sector's ambitious capex plans while also creating risks for customers, which may be reflected in lower demand.

Shares of oil and gas-related companies are trading higher after reports suggesting that Iran placed its armed forced on high alert for 72 hours. Also, reports of an attempted Houthi strike on Saudi Arabia's Red Sea port of Yanbu and another Iranian strike on a vessel near the Strait of Hormuz may fuel concerns that high energy prices may persist and benefit the sector.

Mizuho Maintains Outperform on Devon Energy, Lowers Price Target to $65

Mizuho analyst Nitin Kumar maintains Devon Energy (NYSE:DVN) with a Outperform and lowers the price target from $68 to $65.

Scotiabank Initiates Coverage On Devon Energy with Sector Outperform Rating, Announces Price Target of $61