B. Riley keeps Neutral on AXT and Fabrinet, lifts AXT target
B. Riley analysts kept Neutral ratings on AXT and Fabrinet: AXT's target rose to $56, Fabrinet's was cut to $385, per Benzinga data.
- published on Newsmetry
- original source published
the same feed is available to bots and dashboards through the api. connect the api →
what happened
Analysts at B. Riley Securities maintained Neutral ratings on AXT and Fabrinet shares, Dow Jones Newswires reported, citing Benzinga data.
The firm raised its AXT price target by one dollar, from $55 to $56 per share. For Fabrinet, it lowered the target from $431 to $385 per share. The rating stayed unchanged in both cases.
why it matters
Adjustments like these usually concern individual stocks and have little effect on the broader market. For investors in AXT and Fabrinet, they show how analyst expectations are shifting, but on their own they do not change the picture for either business.
tags
instruments
sources
- AXT Is Maintained at Neutral by B. Riley Securities — Dow Jones Newswires, 30 October 2026 at 13:21 UTC
- Fabrinet Is Maintained at Neutral by B. Riley Securities — Dow Jones Newswires, 30 October 2026 at 13:25 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
alerts on your topics, the morning digest and the api — in your account.
get stories in real time ↗