BWS Financial Starts Vicor Corporation (VICR) at Buy

BWS Financial analyst Hamed Khorsand initiates coverage on Vicor Corporation (NASDAQ: VICR) with a Buy rating and a price target of $84.00.

The analyst commented, "Data center operators are beginning an upgrade cycle to 48 volts using power systems developed by VICR. The timing of when the upgrade cycle would begin has been a long time in waiting for VICR bulls. We believe the latest GPU release from Nvidia (NVDA) for AI applications should begin to take hold. VICR's facility expansion in Andover should be ready by next year to help push revenue towards $500 million by 2022."

For an analyst ratings summary and ratings history on Vicor Corporation click here. For more ratings news on Vicor Corporation click here.

Shares of Vicor Corporation closed at $57.62 yesterday.

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