Needham Reiterates Buy on AXT, Maintains $5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi reiterates a Buy rating on AXT, Inc. (NASDAQ:AXTI) and maintains a $5 price target.
April 09, 2024 | 9:56 am
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Needham analyst Charles Shi reaffirms a Buy rating on AXT, Inc. and maintains a $5 price target.
The reiteration of a Buy rating and maintenance of a $5 price target by a reputable analyst like Charles Shi from Needham could positively influence investor sentiment towards AXT, Inc. This endorsement may lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100