Northland Capital Markets Maintains Outperform on AXT, Lowers Price Target to $5
Portfolio Pulse from Benzinga Newsdesk
Northland Capital Markets has maintained an 'Outperform' rating on AXT Inc. (NASDAQ:AXTI) but has lowered the price target from $6 to $5.
November 01, 2024 | 6:38 pm
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Northland Capital Markets has maintained an 'Outperform' rating on AXT Inc. but lowered the price target from $6 to $5, indicating a slightly less optimistic outlook.
The 'Outperform' rating suggests continued confidence in AXT's performance, but the lowered price target indicates a tempered outlook. This mixed signal may result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100