AXT, Inc. Announces Third Quarter 2017 Financial Results

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AXT, Inc. (AXTI) PT Raised to $11 at Needham & Company Following Solid 3Q Beat

October 26, 2017 7:38 AM EDT

Needham & Company raised its price target on AXT, Inc. (NASDAQ: AXTI) to $11.00 (from $10.00) while maintaining a Buy rating following the company's 3Q. Revenue of $28.2MM beat guidance of $26.5-27.5MM and the Street's $27.0MM, driven by record InP sales and growth across all segments.... More