Axcelis Technologies, Inc. (ACLS) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 1, 2026
Current Price
$171.00
Price Target
$128.00
Target Range
$100.00 — $174.00
Analyst Rating
Buy
Forward P/E46.9x
Trailing P/E45.0x
Forward PEG2.22
Implied Growth-5.6%
Median Target$110.00
Analyst Spread57.8%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$100
-41.5%
Consensus
$128
-25.1%
Bull Case
$174
+1.8%
Valuation Model TargetsConfidence: 60/100
Bear$56
Base$176
Bull$551
ACLS Price Target Analysis
Updated May 7, 2026As of May 7, 2026, Axcelis Technologies, Inc. (ACLS) has a Wall Street consensus price target of $128.00, based on estimates from 12 covering analysts. With the stock currently trading at $171.00, this represents a potential downside of -25.1%. The company has a market capitalization of $5.54B.
Analyst price targets range from a low of $100.00 to a high of $174.00, representing a 58% spread in expectations. The median target of $110.00 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 8 analysts rating the stock as a Buy or Strong Buy,3 rating it Hold, and 1 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, ACLS trades at a trailing P/E of 45.0x and forward P/E of 46.9x. The forward PEG ratio of 2.22 reflects a premium valuation. Analysts expect EPS to grow -5.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $175.72, with bear and bull scenarios of $55.70 and $551.28 respectively. Model confidence stands at 60/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside-6.1%
Avg Forward P/E51.4x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 ONTOOnto Innovation Inc. | $14.6B | $294.05 | $308.33 | +4.9% | Buy | 41.6x | 11 |
 MKSIMKS Inc. | $19.8B | $293.77 | $272.86 | -7.1% | Buy | 29.7x | 29 |
 UCTTUltra Clean Holdings, Inc. | $3.8B | $83.46 | $85.00 | +1.8% | Buy | 36.0x | 12 |
 CAMTCamtek Ltd. | $7.2B | $202.54 | $165.60 | -18.2% | Buy | 58.2x | 13 |
 COHUCohu, Inc. | $2.3B | $49.62 | $49.75 | +0.3% | Buy | 93.2x | 14 |
 ICHRIchor Holdings, Ltd. | $2.5B | $72.51 | $49.80 | -31.3% | Buy | 63.4x | 14 |
 AMATApplied Materials, Inc. | $339.9B | $428.62 | $426.39 | -0.5% | Buy | 38.7x | 53 |
 LRCXLam Research Corporation | $371.1B | $297.17 | $290.65 | -2.2% | Buy | 52.6x | 50 |
 KLACKLA Corporation | $238.6B | $1816.29 | $1819.38 | +0.2% | Buy | 49.4x | 44 |
 NVMINova Ltd. | $15.7B | $534.54 | $489.50 | -8.4% | Buy | 51.8x | 12 |
Upside Potential Comparison
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Start ComparisonACLS — Frequently Asked Questions
Quick answers to the most common questions about buying ACLS stock.
What is the ACLS stock price target for 2026?
ACLS's consensus price target is $128, -25.1% below the current price of $171. The 12 analysts tracking ACLS see downside risk at present valuations.
Is ACLS a buy, sell, or hold?
ACLS has a consensus rating of "Buy" based on 12 Wall Street analysts. The rating breakdown is predominantly bullish, with 8 Buy/Strong Buy ratings. The consensus 12-month price target of $128 implies -25.1% downside from current levels.
Is ACLS stock overvalued or undervalued?
At a forward P/E of 46.8711x, ACLS trades at a premium valuation. The consensus price target of $128 (-25.1% downside) suggests analysts may view current valuations as stretched.
How high can ACLS stock go?
The most bullish Wall Street analyst has a price target of $174 for ACLS, while the most conservative target is $100. The consensus of $128 represents the median expectation. Our quantitative valuation model projects a bull case target of $551 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover ACLS stock?
ACLS is moderately covered, with 12 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 3 recommend Hold, and 1 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the ACLS stock forecast?
The 12-month ACLS stock forecast based on 12 Wall Street analysts shows a consensus price target of $128, with estimates ranging from $100 (bear case) to $174 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $176, with bear/bull scenarios of $56/$551.
What is ACLS's fair value based on fundamentals?
Our quantitative valuation model calculates ACLS's fair value at $176 (base case), with a bear case of $56 and bull case of $551. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 60/100.
What is ACLS's forward P/E ratio?
ACLS trades at a forward P/E ratio of 46.9x based on next-twelve-months earnings estimates compared to a trailing P/E of 45.0x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy ACLS stock?
Analysts are cautious on ACLS, with 1 Sell ratings and a price target of $128 (-25.1% from current price). The "Buy" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do ACLS price targets vary so much?
ACLS analyst price targets range from $100 to $174, a 58% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $128 consensus represents the middle ground. Our model's $56-$551 range provides an independent fundamental perspective.