Benchmark Reiterates Axcelis Technologies (ACLS) Buy Recommendation
Fintel reports that on September 6, 2023, Benchmark reiterated coverage of Axcelis Technologies (NASDAQ:ACLS) with a Buy recommendation.
Analyst Price Forecast Suggests 14.13% Upside
As of August 31, 2023, the average one-year price target for Axcelis Technologies is 218.02. The forecasts range from a low of 176.75 to a high of $252.00. The average price target represents an increase of 14.13% from its latest reported closing price of 191.04.
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The projected annual revenue for Axcelis Technologies is 952MM, a decrease of 6.98%. The projected annual non-GAAP EPS is 5.15.
What is the Fund Sentiment?
There are 815 funds or institutions reporting positions in Axcelis Technologies. This is an increase of 48 owner(s) or 6.26% in the last quarter. Average portfolio weight of all funds dedicated to ACLS is 0.34%, an increase of 13.26%. Total shares owned by institutions decreased in the last three months by 0.01% to 34,591K shares. The put/call ratio of ACLS is 0.56, indicating a bullish outlook.