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Analysts Offer Insights on Technology Companies: AXT (AXTI), Nokia (NOK) and ACM Research (ACMR)

Tipranks - Wed Apr 22, 8:58AM CDT

There’s a lot to be optimistic about in the Technology sector as 3 analysts just weighed in on AXT (AXTI), Nokia (NOK) and ACM Research (ACMR) with bullish sentiments.

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AXT (AXTI)

Craig-Hallum analyst Richard Shannon maintained a Buy rating on AXT today. The company’s shares closed last Tuesday at $73.72.

According to TipRanks.com, Shannon is a top 25 analyst with an average return of 77.7% and a 61.9% success rate. Shannon covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Credo Technology Group Holding Ltd, and Lightpath Technologies. ;'>

AXT has an analyst consensus of Moderate Buy, with a price target consensus of $46.33, representing a -36.8% downside. In a report released yesterday, Northland Securities also maintained a Buy rating on the stock with a $90.00 price target.

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Nokia (NOK)

In a report released today, Aaron Spychalla from Craig-Hallum maintained a Buy rating on Nokia. The company’s shares closed last Tuesday at $10.52.

According to TipRanks.com, Spychalla is a 5-star analyst with an average return of 23.1% and a 61.7% success rate. Spychalla covers the Industrial Goods sector, focusing on stocks such as Babcock & Wilcox Company, Bowman Consulting Group, and Thermon Group Holdings. ;'>

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nokia with a $10.25 average price target, which is a -3.3% downside from current levels. In a report issued on April 13, Bank of America Securities also upgraded the stock to Buy with a EUR10.70 price target.

ACM Research (ACMR)

In a report released today, Christian Schwab from Craig-Hallum maintained a Buy rating on ACM Research. The company’s shares closed last Tuesday at $51.99.

According to TipRanks.com, Schwab is a top 100 analyst with an average return of 35.4% and a 66.0% success rate. Schwab covers the Technology sector, focusing on stocks such as Ribbon Communications, Axcelis Technologies, and Ultra Clean Holdings. ;'>

Currently, the analyst consensus on ACM Research is a Strong Buy with an average price target of $69.00, implying a 38.3% upside from current levels. In a report issued on April 6, TipRanks – PerPlexity also upgraded the stock to Buy with a $45.00 price target.

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