AXT Reaches Analyst Target Price
December 24, 2020 at 08:22 AM EST
In recent trading, shares of AXT Inc (AXTI) have crossed above the average analyst 12-month target price of $10.20, changing hands for $10.49/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..