Needham Maintains Buy on AXT, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi maintains a Buy rating on AXT (NASDAQ:AXTI) but lowers the price target from $8 to $5.
June 16, 2023 | 3:14 pm
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Needham analyst Charles Shi maintains a Buy rating on AXT but lowers the price target from $8 to $5.
The news of Needham maintaining a Buy rating on AXT is positive for the stock, but the lowering of the price target from $8 to $5 may create some uncertainty among investors. This mixed sentiment could result in a neutral short-term impact on AXT's stock price.
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IMPORTANCE 80
RELEVANCE 100