AXT Inc. price target raised to $93 from $80 at Wedbush

Wedbush raised the firm’s price target on AXT Inc. (AXTI) to $93 from $80 and keeps an Outperform rating on the shares. The firm says Q1 signals a step function in margin improvement and believes Q2 guidance implies significant potential for upside. Wedbush also sees room for second half of the year gains beyond its modeled numbers.

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