Needham Reiterates Buy on AXT, Maintains $5 Price Target
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Charles Shi has reiterated a 'Buy' rating on AXT Inc. (NASDAQ:AXTI) and maintained a price target of $5.
August 04, 2023 | 3:04 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Needham analyst Charles Shi has reiterated a 'Buy' rating on AXT Inc. and maintained a price target of $5. This could potentially boost investor confidence in the stock.
Analyst ratings often influence investor sentiment. A 'Buy' rating suggests that the analyst believes the stock will perform well in the future. Maintaining the price target at $5 indicates that the analyst believes the stock is currently undervalued, which could lead to increased buying pressure.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100