Rosenblatt Securities Reaffirms Their Buy Rating on Applied Optoelectronics (AAOI)
In a report released today, Michael Genovese from Rosenblatt Securities reiterated a Buy rating on Applied Optoelectronics, with a price target of $35.00.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Genovese covers the Technology sector, focusing on stocks such as Ciena, Fabrinet, and Extreme Networks. According to TipRanks, Genovese has an average return of 17.4% and a 56.08% success rate on recommended stocks.
In addition to Rosenblatt Securities, Applied Optoelectronics also received a Buy from Needham’s Ryan Koontz in a report issued on November 7. However, today, TR | OpenAI – 4o reiterated a Hold rating on Applied Optoelectronics (NASDAQ: AAOI).
Based on Applied Optoelectronics’ latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $118.63 million and a GAAP net loss of $17.94 million. In comparison, last year the company earned a revenue of $65.15 million and had a GAAP net loss of $17.76 million
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is neutral on the stock.
Read More on AAOI:
Disclaimer & DisclosureReport an Issue
- 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
- Applied Optoelectronics Enters Equity Distribution Agreement
