AXT Inc. price target raised to $9 from $4 at B. Riley

B. Riley raised the firm’s price target on AXT Inc. (AXTI) to $9 from $4 and keeps a Buy rating on the shares. The company reported a “strong beat-and-raise” Q3 as demand is reaching an inflection point, the analyst tells investors in a research note.

Claim 55% Off TipRanks