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Vicor tops earnings estimates with backlog rising 145%
The company reported a backlog increase of 145% to $380 million, supporting bullish analyst sentiment despite a muted stock reaction.
Vicor beat earnings estimates, and the company said its backlog jumped 145% to $380 million, according to MarketBeat Ratings.
MarketBeat Ratings also noted that Needham maintained a Buy rating and set a $320 price target, suggesting roughly 50% upside.
Despite the positive backlog and analyst view, the stock’s reaction was described as muted in the report.
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