There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on AXT (AXTI) and GAN (GAN) with bullish sentiments.
AXT (AXTI)
In a report released today, Gus Richard from Northland Securities maintained a Buy rating on AXT, with a price target of $10.00. The company’s shares closed last Monday at $7.84, close to its 52-week high of $8.32.
According to TipRanks.com, Richard is a top 100 analyst with an average return of 28.1% and a 72.9% success rate. Richard covers the Technology sector, focusing on stocks such as Advanced Micro Devices, Power Integrations, and Enphase Energy.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for AXT with a $8.87 average price target.
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GAN (GAN)
In a report released today, Greg Gibas from Northland Securities maintained a Buy rating on GAN, with a price target of $30.00. The company’s shares closed last Monday at $18.08.
According to TipRanks.com, Gibas is a 5-star analyst with an average return of 37.9% and a 65.1% success rate. Gibas covers the Financial sector, focusing on stocks such as Accel Entertainment, AYR Strategies, and KLDiscovery.
Currently, the analyst consensus on GAN is a Strong Buy with an average price target of $28.83.
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