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AXTI Stock Skyrockets As Investors Cheer Blowout Guidance, Record Quarterly Revenue — Needham Spots A 'Real' AI Networking Opportunity

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  1. Needham upgraded AXT to 'Buy' from 'Hold' with a $90 price target, implying 61% upside.

  2. AXT reported record quarterly revenue and gave blowout guidance, causing the stock to skyrocket.

  3. Needham sees a 'real' AI networking opportunity for AXT.

5h ago · original ↗
AXTI Stock Skyrockets As Investors Cheer Blowout Guidance, Record Quarterly Revenue — Needham Spots A… · in5points