Craig-Hallum Maintains Buy on AXT, Raises Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Craig-Hallum analyst Richard Shannon maintains a Buy rating on AXT (NASDAQ:AXTI) and raises the price target from $3.75 to $5.
April 09, 2024 | 4:44 pm
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Craig-Hallum analyst Richard Shannon maintains a Buy rating on AXT and raises the price target from $3.75 to $5.
The increase in price target by a reputable analyst firm like Craig-Hallum typically signals a strong bullish outlook on the stock, suggesting potential upside. This can lead to increased investor confidence and potentially drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100