Applied Optoelectronics shares are trading higher after Raymond James upgraded the stock from Market Perform to Outperform and announced a $17 price target.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics shares rose following an upgrade by Raymond James from Market Perform to Outperform, with a new price target of $17.
September 03, 2024 | 2:27 pm
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Raymond James upgraded Applied Optoelectronics from Market Perform to Outperform, setting a price target of $17, leading to a rise in the stock price.
The upgrade by Raymond James is a positive signal to investors, suggesting confidence in the company's future performance. The new price target of $17 indicates potential upside, likely driving short-term stock price increases.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100