Form 8-K AXT INC For: Jul 28

Go back to Form 8-K AXT INC For: Jul 28

AXT, Inc. (AXTI) PT Raised to $9 at Needham & Company

July 29, 2022 8:41 AM EDT

Needham & Company analyst Charles Shi raised the price target on AXT, Inc. (NASDAQ: AXTI) to $9.00 (from $8.00) while maintaining a Buy rating.

The analyst commented, "AXT reported strong results for 2Q22 and guided 3Q22 sequentially higher with GM likely approaching 40%. On the call,... More