Vicor Corporation (VICR) PT Raised to $45 at Needham & Company

Needham & Company analyst N. Quinn Bolton raised the price target on Vicor Corporation (NASDAQ: VICR) to $45.00 (from $42.00) while maintaining a Buy rating.

The analyst commented, "After attending the SC19 Conference in Denver this week, we are incrementally more positive on Vicor’s position as the leading supplier of 48V power solutions in the hyperscale data center and HPC markets. We believe Vicor has secured 48V design wins on NVIDIA's new GPU-accelerated supercomputer instance offered by Microsoft Azure, NVIDIA's Arm server reference platform, Intel's Ponte Vecchio 7nm Xe GPU platform, and Intel's Spring Crest Nervana NNP-T AI accelerator board. Additionally, Vicor was showing a new family of standard VTM solutions targeting 48V lateral power PoL applications for data center processors that should meaningfully expand its TAM. Raise PT to $45."

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