Wedbush Reiterates Outperform on AXT, Maintains $6 Price Target
Portfolio Pulse from Benzinga Newsdesk
Wedbush analyst Matt Bryson reiterated an Outperform rating on AXT, Inc. (NASDAQ:AXTI) and maintained a $6 price target.
May 03, 2024 | 2:24 pm
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Wedbush analyst Matt Bryson reiterated an Outperform rating on AXT, Inc. and maintained a $6 price target.
The reiteration of an Outperform rating by a reputable analyst like Matt Bryson suggests a positive outlook on AXTI's stock performance. Maintaining a $6 price target indicates a belief in the company's potential to reach or exceed this value in the short term, likely influencing investor sentiment positively.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100