Shares of AXT Inc (AXTI) recently surpassed the average analyst 12-month target price of $18.12, trading at $18.54 per share. This movement may prompt analysts to either downgrade the stock due to valuation concerns or raise their target price based on favorable business developments.
Among the Zacks coverage universe, analysts hold varying price targets for AXTI, ranging from a low of $8.50 to a high of $26.00, with a standard deviation of $7.261. Currently, there are 3 strong buy ratings and 3 hold ratings, with no sell ratings present.
The average analyst rating for AXT Inc stands at 2.0, indicating a mixed outlook among analysts. Data for this summary is sourced from Zacks Investment Research via Quandl.com.
