Nomura raises target price of stock that’s up over 150% in 2025; stock soars another 6%

Shares of Avalon Technologies rose sharply on Monday after Nomura raised its target price to Rs 2,767 from Rs 2,211 while retaining a Buy rating. The brokerage said Avalon’s joint venture with Zollner Electronic will expand its capabilities, add global customers and support entry into healthcare, test and measurement, and European markets.