Vicor jumps after Q3 growth forecast raise
VICR•Vicor raised its Q3 sequential growth forecast to more than 30%, from more than 20%, driven by increased royalties from its previously announced first non-exclusive license to Vertical Power Delivery.
1. Higher Q3 forecast
Vicor shares rose 12.1% to $324 in premarket trading after the company raised its Q3 sequential growth forecast to more than 30%, from more than 20%. It said the increase was driven by increased royalties from its previously announced first non-exclusive license to Vertical Power Delivery.
2. Analyst ratings
All five brokerages covering the stock rate it “buy” or higher, with a median price target of $375. As of the previous close, Vicor shares had more than doubled year to date.
