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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Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.

Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.

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

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Posted In: Analyst RatingsBZI-AAR-UPDATE
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