BofA raised the firm’s price target on Axcelis (ACLS) to $81 from $68 and keeps a Neutral rating on the shares. Q2 results came in above expectations and Q3 sales were guided 7% above consensus, the analyst tells investors. The firm views Axcelis as “a key beneficiary of one of the key megatrends” in semis in EVs longer-term, but views the current risks/reward as “generally balanced,” the analyst added.
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Read More on ACLS:
- Axcelis price target raised to $90 from $75 at DA Davidson
- Axcelis Technologies Reports Strong Q2 2025 Results
- Axcelis Technologies: Hold Rating Maintained Amidst Strong Performance but Uncertain Outlook
- Axcelis reports Q2 non-GAAP EPS $1.13, consensus 71c
- Axcelis sees Q3 non-GAAP EPS $1.00, consensus 70c