10 Best Mid Cap Tech Stocks to Buy Now

5. Nova Ltd (NASDAQ:NVMI)

Upside Potential: 33.47%

Market Capitalization: $6.58 Billion

Number of Hedge Fund Holders: 26

Nova Ltd (NASDAQ:NVMI) provides equipment and solutions that cater mostly to the semiconductor and materials industries. They sell advanced measurement and monitoring systems to assist these companies in improving their production processes.

Nova Ltd (NASDAQ:NVMI) is in a high growth phase, with its revenue growing nearly 30% in the previous year to $672 million. Nova’s margins have also been expanding consistently. The company’s net margin stood at a healthy 27.3% in 2024. On January 6, 2025, Citi upgraded Nova Ltd’s (NASDAQ:NVMI) rating from Neutral to Buy. The brokerage also increased the stock’s price target from $226 to $240.

According to Citi, Nova Ltd (NASDAQ:NVMI) is likely to outperform, thanks to its huge product range and its diversified customer base. These factors are likely to enable Nova’s tools to surpass the overall wafer fabrication equipment market performance in 2025.