Ladies and gentlemen, last year I introduced you to the company from the Rhineland several times. I remain invested.
The analysts at Bank of America have significantly raised their price target for Aixtron. The Herzogenrath-based equipment manufacturer is set to benefit threefold from AI data centers, electric cars and fiber optic networks.
Summarized for you
- BoA raises Aixtron price target sharply to 72 euros
- GaN market share over 90 percent, SiC around 40 percent
- AI, e-cars and fiber optics to drive growth from 2026
The MDAX semiconductor manufacturer is increasingly becoming the focus of Wall Street. On Wednesday, Bank of America reiterated its buy recommendation for the share and raised its price target from EUR 54 to EUR 72, representing upside potential of more than 30%.
The main driver of the new valuation is the rapidly growing demand for electricity in modern AI data centers, which is fueling Aixtron's core business with epitaxial deposition systems from several directions at once.
According to analysts, the market for analog power semiconductors in the AI sector is likely to more than triple from just under eight to almost 27 billion US dollars by 2030. They expect the decisive boost from 2027, when Nvidia launches its next data center architecture in series production. Aixtron will benefit disproportionately because the company has a dominant market position in two of the most important material technologies.
According to the bank, Aixtron has a market share of over 90 percent in gallium nitride systems, which are required for direct current distribution directly to the computing nodes. For 2027 and 2028, analysts expect growth rates of 57% and 27% respectively in this segment.
Incoming orders are expected to pick up as early as the second half of 2026. Aixtron holds around 40% of the market for silicon carbide systems, which are in demand for high-voltage applications in AI systems and increasingly also in 800-volt electric vehicles. After a weak phase, analysts expect a significant recovery here from 2027, with equipment sales almost doubling in the following year.
The third pillar is the business with systems for optoelectronic components, i.e. lasers and components for data transmission in data centers. Here, too, Aixtron has a market share of more than 90 percent. Demand is currently so high that the company has to postpone larger orders until 2027 because customers such as Lumentum and Coherent simply do not have any free production space. Sales in this area are set to more than double in 2026, and growth is currently expected to continue at least into 2027.
Author: Julian Schick, wallstreetONLINE editorial team
The AIXTRON share is trading on Tradegate (May 27, 2026, 12:19 pm) with a plus of +3.61% and a price of EUR 55.14 at the time of publication of the news.
