UBS, the Swiss bank, has lowered its target price for Aixtron from €20.90 to €14.90. Despite this adjustment, UBS has maintained a "neutral" rating on the stock.
The reason for the reduction in target price is the recent quarterly results of Aixtron, which led UBS analyst Madeleine Jenkins to revise earnings forecasts for 2025 and 2026. Jenkins mentioned that Aixtron is facing a delayed market recovery, now expected in 2025, which has resulted in a lack of positive price drivers for the company's stock. The updated target price reflects a cautious outlook due to ongoing challenges in the semiconductor industry.