Applied Optoelectronics shares are trading higher after Rosenblatt raised its price target on the stock from $15 to $20.
Portfolio Pulse from Benzinga Newsdesk
Applied Optoelectronics shares rose following Rosenblatt's decision to increase its price target from $15 to $20.
September 12, 2024 | 1:40 pm
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POSITIVE IMPACT
Rosenblatt has increased its price target for Applied Optoelectronics from $15 to $20, leading to a rise in the company's stock price.
The increase in price target by Rosenblatt is a positive signal to investors, suggesting confidence in the company's future performance. This has led to an immediate positive reaction in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100