Northland raised the firm’s price target on Applied Optoelectronics (AAOI) to $35 from $30 and keeps an Outperform rating on the shares following a visit to the company’s Houston headquarters that the firm says highlighted the extent of the company’s capability on both the InP laser epitaxy and fab front as well as nearly fully automated transceiver production.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AAOI:
- Buy/Sell: Wall Street’s top 10 stock calls this week
- Coinbase upgraded, Six Flags downgraded: Wall Street’s top analyst calls
- B. Riley downgrades Applied Optoelectronics to Sell on valuation
- Applied Optoelectronics downgraded to Sell from Neutral at B. Riley
- Applied Optoelectronics’ Earnings Call Highlights Record Revenue