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AXT Reaches Analyst Target Price

In recent trading, shares of AXT Inc (AXTI) have crossed above the average analyst 12-month target price of $3.87, changing hands for $3.98/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..

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AXT Inc (AXTI)