B. Riley Securities has recently updated its outlook on Axcelis Technologies, Inc. (ACLS, Financial), maintaining a "Neutral" rating while raising the price target from $58.00 to $75.00. This adjustment was made by analyst Craig Ellis, reflecting a significant increase of 29.31% over the previous target.
This update signifies confidence in Axcelis Technologies' (ACLS, Financial) potential market performance, despite the unchanged neutral stance. The revision takes into account various market factors and company performance metrics that justify an elevated price target.
It's crucial for investors considering Axcelis Technologies, Inc. (ACLS, Financial) to weigh these insights in their investment strategies. The raised price target indicates potential growth, while the neutral rating suggests a balanced view of the stock's future movements.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 5 analysts, the average target price for Axcelis Technologies Inc (ACLS, Financial) is $83.71 with a high estimate of $144.57 and a low estimate of $58.00. The average target implies an upside of 23.16% from the current price of $67.97. More detailed estimate data can be found on the Axcelis Technologies Inc (ACLS) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Axcelis Technologies Inc's (ACLS, Financial) average brokerage recommendation is currently 2.8, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Axcelis Technologies Inc (ACLS, Financial) in one year is $79.27, suggesting a upside of 16.62% from the current price of $67.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Axcelis Technologies Inc (ACLS) Summary page.
