B. Riley raised the firm’s price target on Axcelis (ACLS) to $75 from $58 and keeps a Neutral rating on the shares. In analog chip orders are improving, an eventual capacity boost is closer “even if still in 2026,” the analyst tells investors in a research note. Riley cites fundamental drivers for upping targets in the semiconductor capital equipment space.
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Read More on ACLS:
- Axcelis Technologies Approves Equity Plan Amendment at Annual Meeting
- Axcelis price target lowered to $75 from $100 at DA Davidson
- Axcelis price target raised to $58 from $50 at B. Riley
- Mixed Signals and Cautious Outlook Lead to Hold Rating on Axcelis Technologies
- Cautious Optimism: Axcelis Technologies’ Stabilization and Limited Growth Potential