Needham Reiterates Buy on AXT, Maintains $5 Price Target
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Charles Shi reiterates a Buy rating on AXT (NASDAQ:AXTI) and maintains a $5 price target.

May 03, 2024 | 11:07 am
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Needham analyst Charles Shi reaffirmed a Buy rating on AXT, Inc. and kept the price target at $5.
Reiteration of a Buy rating by a reputable analyst like Charles Shi from Needham typically signals continued confidence in the company's prospects, potentially leading to positive investor sentiment and upward pressure on the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100