Needham Maintains Buy Rating for Vicor: Here's What You Need To Know

Needham has decided to maintain its Buy rating of Vicor VICR and raise its price target from $55.00 to $65.00.

Shares of Vicor are trading up 5.29% over the last 24 hours, at $55.88 per share.

A move to $65.00 would account for a 16.33% increase from the current share price.

About Vicor

Vicor Corp manufactures and markets modular power components and complete power systems. It provides modular power converters and configurable products, advanced power component products and integrated circuits, and related products. Its products include Converters, Power Systems, Filters, Custom Power Systems, Input Modules, and others. Geographically, it derives a majority of its revenue from the Asia Pacific.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.