Applied Optoelectronics price target raised to $160 from $72.50 at Raymond James

Raymond James raised the firm’s price target on Applied Optoelectronics (AAOI) to $160 from $72.50 and keeps an Outperform rating on the shares. The Q1 results were mixed, with a revenue miss and guidance cut driven by weakness in the Datacenter segment offset by strength in CATV, while management still raised its 2026 outlook and reiterated an ambitious transceiver ramp to $1.4B by 3Q27 despite current sales of just over $80M, the analyst tells investors in a research note. The firm sees near-term pressure on the shares following the miss.

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