Craig-Hallum Upgrades AXT to Buy, Raises Price Target to $3.75
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon upgraded AXT Inc. (NASDAQ:AXTI) from Hold to Buy and increased the price target from $2.25 to $3.75.
February 23, 2024 | 5:54 pm
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AXT Inc. was upgraded from Hold to Buy by Craig-Hallum analyst Richard Shannon, with the price target raised from $2.25 to $3.75.
The upgrade from Hold to Buy by a reputable analyst, along with a significant increase in the price target, suggests a strong bullish outlook for AXT Inc. This is likely to positively influence investor sentiment and potentially lead to a short-term increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100