
AXT (AXTI) Stock Forecast & Price Target
AXT (AXTI) Analyst Ratings
Bulls say
AXT Inc. reported a notable 23.0% year-over-year revenue growth and a 6.4% increase quarter-over-quarter in the fourth quarter, reflecting strong demand across multiple sectors. The company anticipates a 20% growth in InP revenue by 2025, driven primarily by increasing applications in AI, data centers, and high-power industrial lasers. With a strong foothold in a consolidated GaAs and InP substrate market, AXT is well-positioned to capture additional market share as the sector is projected to experience substantial growth, enhancing its long-term financial outlook.
Bears say
AXT Inc. has experienced a significant decline in gross margins, which dropped from 24.3% in the third quarter to 17.9%, primarily due to diminished benefits from its recycling program and reduced ingot growth. This decline contributed to a negative earnings per share (EPS) outcome, with an expected decline of approximately $5 million in InP revenue for the first quarter following China's new export restrictions. Furthermore, the company's guidance for the first quarter of 2025 indicates revenue and EPS projections that are notably lower than both prior quarters and consensus estimates, suggesting ongoing financial challenges and a downward revision in revenue expectations for the fiscal year.
This aggregate rating is based on analysts' research of AXT and is not a guaranteed prediction by Public.com or investment advice.
AXT (AXTI) Analyst Forecast & Price Prediction
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