Stock Track | Axcelis Plummets 5.03% as William Blair Downgrades to Market Perform

Stock Track

2025/02/12

Axcelis Technologies (ACLS) stock plummeted 5.03% in intraday trading on Wednesday, following a rating downgrade by William Blair.

The semiconductor equipment company was cut to a Market Perform rating from Outperform by William Blair analysts, citing concerns about the company's ability to navigate demand challenges and market uncertainty.

The analyst downgrade weighed heavily on investor sentiment, triggering a sell-off in Axcelis shares. Despite the stock plunge, some analysts maintained a neutral or positive outlook, with an average rating of Overweight and a mean price target of $79.50 according to analysts polled by FactSet.

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