
AXT (AXTI) Stock Forecast & Price Target
AXT (AXTI) Analyst Ratings
Bulls say
AXT Inc exhibited a robust financial performance in the fourth quarter, with revenue increasing by 23.0% year-over-year and 6.4% quarter-over-quarter, highlighting the company's growth momentum. The substantial rise in InP revenue, which surged 73% year-over-year to $9.1 million, is indicative of strong demand driven by AI-related applications, with expectations for continued growth in the coming years. Additionally, AXT's established market presence in the GaAs and InP substrate sectors, alongside projected improvements in gross margins, positions the company favorably to capitalize on the anticipated industry expansion and strengthening demand for its products.
Bears say
The financial outlook for AXT Inc. has become increasingly negative due to a significant decline in gross margin (GM), which fell from 24.3% in the third quarter to 17.9%, primarily due to decreased benefits from recycling and lower ingot growth. Furthermore, the company is facing additional challenges as export restrictions from China are expected to reduce revenue by approximately $5 million in the first quarter, further compounding pressures on earnings. Management has also lowered guidance for the first quarter of 2025, anticipating midpoint revenue of $19 million and an expected net gross earnings per share (NG EPS) of ($0.14), both figures significantly below prior estimates and consensus expectations.
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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