Vicor price target raised to $75 from $65 at Needham

Needham raised the firm’s price target on Vicor (VICR) to $75 from $65 and keeps a Buy rating on the shares. The company reported better than expected sales, margins, and earnings in Q2, the analyst tells investors in a research note. Vicor announced a win on an AI platform with its lateral PDN solution ramping in Q4, which should be for Nvidia’s (NVDA) H100 GPUs, Needham added.