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.
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