Rosenblatt raised the firm’s price target on Applied Optoelectronics (AAOI) to $44 from $27.50 and keeps a Buy rating on the shares after speaking to management. The firm now sees “additional pathss to AAOI potentially blowing away” its fiscal 2025 and 2026 estimates. The company is seeing strong 400G demand for front-end networks and has sufficient 400G capacity to make Q4 numbers, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAOI:
- Applied Optoelectronics downgraded to Sell from Neutral at B. Riley
- Applied Optoelectronics downgraded to Neutral from Buy at B. Riley
- Applied Optoelectronics (AAOI) Has Grabbed Investors’ Attention with Its Stock Rocketing 270% in Three Months
- Applied Optoelectronics put volume heavy and directionally bearish
- Applied Optoelectronics call volume above normal and directionally bullish