Investment website Insider Monkey compiled a list of 10 high-growth technology stocks that are profitable, with Nova Ltd. ranking fifth. Needham upgraded NVMI from Hold to Buy with a $500 price target, noting improving conditions in the semiconductor equipment sector. Bank of America also raised its price target on NVMI to $450.

Nova Ltd. (NVMI) is an Israel-based company providing advanced metrology and process control solutions for semiconductor manufacturing, using X-ray, optical technologies, and software to improve yield and performance for foundry, memory, and logic chipmakers. The firm has a Buy rating from Bank of America and a $500 price target from Needham.

While NVMI has investment potential, Insider Monkey believes certain AI stocks offer greater upside potential and less downside risk. They recommend a free report on the best short-term AI stock for investors looking to capitalize on Trump-era tariffs and the onshoring trend. Disclosure: None.

Read more at Yahoo Finance: Needham Notes that Semiconductor Equipment Recovery Is Boosting Nova Ltd. (NVMI)