Analysts’ Opinions Are Mixed on These Technology Stocks: ACI Worldwide (ACIW), Microchip (MCHP) and AXT (AXTI)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on ACI Worldwide (ACIW – Research Report), Microchip (MCHP – Research Report) and AXT (AXTI – Research Report).
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ACI Worldwide (ACIW)
D.A. Davidson analyst Peter Heckmann maintained a Buy rating on ACI Worldwide today. The company’s shares closed last Friday at $50.07.
According to TipRanks.com, Heckmann is a 4-star analyst with an average return of
ACI Worldwide has an analyst consensus of Moderate Buy.
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Microchip (MCHP)
In a report released today, Vivek Arya from Bank of America Securities reiterated a Hold rating on Microchip. The company’s shares closed last Friday at $53.60, close to its 52-week low of $48.27.
According to TipRanks.com, Arya is a 5-star analyst with an average return of
Currently, the analyst consensus on Microchip is a Moderate Buy with an average price target of $74.76, which is a 33.0% upside from current levels. In a report released yesterday, TD Cowen also maintained a Hold rating on the stock with a $60.00 price target.
AXT (AXTI)
In a report released today, Richard Shannon from Craig-Hallum maintained a Buy rating on AXT. The company’s shares closed last Friday at $8.80.
According to TipRanks.com, Shannon is a top 100 analyst with an average return of
The word on The Street in general, suggests a Strong Buy analyst consensus rating for AXT with a $9.00 average price target, which is a 6.8% upside from current levels. In a report issued on October 29, Wedbush also maintained a Buy rating on the stock with a $7.00 price target.
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