• David Kang from B.Riley Financial sets a price target of $18 for AXTI, suggesting a potential decrease of approximately -30.31% from its current trading price.
• AXT revises its Q4 2025 revenue expectations to between $22.5 million and $23.5 million due to fewer export control permits issued by China's Ministry of Commerce.
• The company's stock price has seen a 7.13% increase, reaching $25.83, despite the challenges.

AXT, Inc. (NASDAQ: AXTI) is a key player in the semiconductor industry, specializing in the production of compound semiconductor wafer substrates. These substrates are crucial components in various electronic devices. AXT faces competition from other semiconductor manufacturers, but it remains a significant entity in its niche market.

On January 9, 2026, David Kang from B.Riley Financial set a price target of $18 for AXTI. At that time, the stock was trading at $25.83, indicating a potential decrease of approximately -30.31% from the target. This suggests that the market may have overvalued the stock, or that future challenges could impact its valuation.

AXT recently revised its revenue expectations for the fourth quarter of 2025, now anticipating between $22.5 million and $23.5 million. This adjustment is due to fewer export control permits for indium phosphide being issued by China's Ministry of Commerce, as highlighted by BusinessWire. This has affected AXT's ability to ship indium phosphide substrates as planned.

Despite these challenges, AXTI's stock price has increased by 7.13%, or $1.72, reaching $25.83. The stock has fluctuated between $22.90 and $25.97 today, with a 52-week high of $25.98 and a low of $1.13. AXT's market capitalization stands at approximately $1.16 billion, reflecting its significant presence in the market.

The trading volume for AXTI is 11,094,674 shares on the NASDAQ exchange, indicating strong investor interest. AXT plans to release its earnings on February 19, 2026, which will provide further insights into its financial performance and future prospects.