Rosenblatt Maintains Buy on Applied Optoelectronics, Lowers Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese maintains a Buy rating on Applied Optoelectronics (NASDAQ:AAOI) but lowers the price target from $23 to $20.

February 23, 2024 | 12:34 pm
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NEUTRAL IMPACT
Rosenblatt maintains a Buy rating on Applied Optoelectronics but lowers the price target from $23 to $20.
While the reduction in price target could suggest a tempered outlook on the stock's potential upside, the maintenance of a Buy rating indicates a continued positive view on the company's fundamentals. This mixed signal might lead to a neutral short-term impact on the stock price as investors weigh the lowered price target against the analyst's ongoing endorsement.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100