B. Riley Securities Maintains Neutral on Applied Optoelectronics, Lowers Price Target to $12
Portfolio Pulse from Benzinga Newsdesk
B. Riley Securities analyst David Kang maintains a Neutral rating on Applied Optoelectronics (NASDAQ:AAOI) and lowers the price target from $16 to $12.

May 10, 2024 | 1:43 pm
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B. Riley Securities has maintained a Neutral rating on Applied Optoelectronics and reduced the price target from $16 to $12.
The reduction in price target by B. Riley Securities suggests a bearish outlook on the stock's short-term price potential, likely due to perceived challenges or limited upside at the current valuation. This adjustment could lead to a negative investor sentiment and potentially decrease the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100