Rosenblatt Initiates Coverage On Applied Optoelectronics with Buy Rating, Announces Price Target of $23
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese has initiated coverage on Applied Optoelectronics (NASDAQ:AAOI) with a Buy rating and set a price target of $23.
January 30, 2024 | 1:39 pm
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Applied Optoelectronics receives a Buy rating from Rosenblatt with a price target of $23, indicating a positive outlook from the analyst.
The initiation of coverage by Rosenblatt with a Buy rating and a price target that is potentially higher than the current trading price suggests a positive outlook for Applied Optoelectronics. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100