Nomura Initiates Coverage of AXT, Inc. with Buy Rating
Nomura has initiated coverage on AXT, Inc. with a "Buy" rating and a price target of $90.
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Nomura has initiated coverage on AXT, Inc. with a "Buy" rating and a price target of $90.
B. Riley has updated its price target for AXT, Inc. to $56 from the previous $55 while maintaining a Neutral rating on the stock.
AXT, Inc. reported third-quarter 2026 financial results, exceeding analyst expectations with revenue of $73.4 million and adjusted earnings per share of $0.41.
Filed: 2026-10-29 AccNo: 0001437749-26-033941 Size: 393 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
AXT, Inc. announced that its majority-owned subsidiary, Beijing Tongmei Xtal Technology Co., Ltd. (Tongmei), has entered into definitive agreements for a private equity financing of up to RMB 3.67 billion.