Vicor

VICR · NASDAQ

$204.14+$13.46 (+7.06%)TodayMarket closed · Oct 20, 4:05 PM ET

Prev close $190.68

VICR analyst rating

BuyConsensus of 3 analysts over the last 12 months. 100% rate it a buy.

Strong buy0
Buy3
Hold0
Underperform0
Sell0

12-month price target · 7 analysts

Average $387.53 (+89.8% upside)

Low: $327.91
Now: $204.14
High: $472.50

Upgrades and downgrades

The latest rating actions, newest first

VICR analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Needham	Oct 20, 2026	Maintains	Buy	$350.00	44%
Needham	Oct 1, 2026	Maintains	Buy	$320.00 → $350.00	44%
Roth Capital	Sep 22, 2026	Maintains	Buy	$375.00	55%
Needham	Sep 22, 2026	Maintains	Buy	$320.00	44%
Needham	Jul 21, 2026	Maintains	Buy	$400.00 → $320.00	44%
Craig-Hallum	Jun 22, 2026	Maintains	Buy	$400.00 → $450.00	61%
Roth Capital	Jun 22, 2026	Maintains	Buy	$285.00 → $375.00	55%
Needham	Jun 22, 2026	Maintains	Buy	$350.00 → $400.00	44%
Needham	May 26, 2026	Maintains	Buy	$260.00 → $350.00	44%
Needham	Apr 21, 2026	Maintains	Buy	$180.00 → $260.00	44%

The case for and against

Updated Oct 14, 2026

Bull case

Vicor is benefiting from a strengthening mix of Gen 5 product traction and expanding licensing royalty streams, with management expecting volume Gen 5 shipments to its lead customer before year-end 2026 and additional adoption likely as that ramp progresses. The company’s non-exclusive VPD agreement with an AI OEM has lifted 3Q26 revenue guidance to more than 30% Q/Q, while estimates point to FY26 revenue of $641.3MM and NG EPS of $4.53, reflecting higher-margin royalty contribution that should support gross margin expansion. Despite capacity constraints at the Andover ChiP fab, Vicor’s unique Factorized Power Architecture, growing patent monetization, and broad demand across Industrial, ATE, and Aerospace & Defense underpin a constructive long-term outlook.

Bear case

Vicor is exposed to an unusually concentrated revenue base, with a significant portion tied to a small number of hyperscale and semiconductor customers, so the loss of a major design win or weaker customer demand could materially slow growth. Its outlook also depends heavily on AI and data center capex and on adoption of vertical power delivery technology, both of which face execution, competitive, and cyclicality risks that could pressure margins and delay scaling. The company’s reliance on advanced products, proprietary processes, and an active IP enforcement strategy, including three additional patent infringement lawsuits on September 8, 2026, underscores both its dependence on technology leadership and the uncertainty tied to litigation and rival design-arounds.

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