Rosenblatt Maintains Buy on Applied Optoelectronics, Raises Price Target to $20
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Mike Genovese has maintained a Buy rating on Applied Optoelectronics (NASDAQ:AAOI) and increased the price target from $15 to $20.
September 12, 2024 | 12:22 pm
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Rosenblatt has reaffirmed its Buy rating on Applied Optoelectronics and increased the price target to $20, indicating confidence in the company's future performance.
The increase in price target from $15 to $20 by Rosenblatt suggests a positive outlook on AAOI's future performance. This is likely to boost investor confidence and potentially lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100