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AXT Inc has a consensus price target of $6.69 based on the ratings of 8 analysts. The high is $12 issued by BWS Financial on October 6, 2022. The low is $5 issued by Northland Capital Markets on November 1, 2024. The 3 most-recent analyst ratings were released by Northland Capital Markets, Needham, and Needham on November 1, 2024, November 1, 2024, and August 2, 2024, respectively. With an average price target of $5 between Northland Capital Markets, Needham, and Needham, there's an implied 161.78% upside for AXT Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for AXT (NASDAQ:AXTI) was reported by Northland Capital Markets on November 1, 2024. The analyst firm set a price target for $5.00 expecting AXTI to rise to within 12 months (a possible 161.78% upside). 14 analyst firms have reported ratings in the last year.
The latest analyst rating for AXT (NASDAQ:AXTI) was provided by Northland Capital Markets, and AXT maintained their outperform rating.
The last upgrade for AXT Inc happened on February 23, 2024 when Craig-Hallum raised their price target to $3.75. Craig-Hallum previously had a hold for AXT Inc.
The last downgrade for AXT Inc happened on February 17, 2023 when Craig-Hallum changed their price target from N/A to N/A for AXT Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of AXT, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for AXT was filed on November 1, 2024 so you should expect the next rating to be made available sometime around November 1, 2025.
While ratings are subjective and will change, the latest AXT (AXTI) rating was a maintained with a price target of $6.00 to $5.00. The current price AXT (AXTI) is trading at is $1.91, which is out of the analyst’s predicted range.
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