B. Riley has downgraded Axcelis Technologies (ACLS, Financial) from a Buy to Neutral rating, citing increased uncertainty in the market outlook. The financial services firm has also reduced its price target for the semiconductor equipment company from $80 to $50.
The downgrade reflects B. Riley's expectation of Axcelis delivering results in line with projections for the first quarter, alongside its guidance for the second quarter. However, concerns over escalating capacity spending and potential risks associated with tariffs on China have led the firm to revise its financial estimates for the latter half of 2025 and into 2026.
B. Riley's decision to adjust its outlook indicates a cautious stance, opting to await more favorable market conditions before potentially adopting a more optimistic perspective on Axcelis Technologies' stock performance. This adjustment highlights the impact of external economic factors on the company's longer-term prospects.
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 $89.71 with a high estimate of $144.57 and a low estimate of $56.00. The average target implies an upside of 100.34% from the current price of $44.78. 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 2.6, 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 $83.18, suggesting a upside of 85.75% from the current price of $44.78. 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.
