Analysts Offer Insights on Technology Companies: TSMC (TSM) and Applied Optoelectronics (AAOI)
Companies in the Technology sector have received a lot of coverage today as analysts weigh in on TSMC (TSM – Research Report) and Applied Optoelectronics (AAOI – Research Report).
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TSMC (TSM)
Bank of America Securities analyst Mike Yang maintained a Buy rating on TSMC today and set a price target of $430.00. The company’s shares closed last Wednesday at $327.11.
Yang has an average return of
According to TipRanks.com, Yang is ranked #6890 out of 12040 analysts.
Currently, the analyst consensus on TSMC is a Strong Buy with an average price target of $326.33, implying a -1.1% downside from current levels. In a report issued on January 9, Citi also maintained a Buy rating on the stock.
See the top stocks recommended by analysts >>
Applied Optoelectronics (AAOI)
In a report released today, Dave Kang from B. Riley Securities reiterated a Sell rating on Applied Optoelectronics, with a price target of $15.00. The company’s shares closed last Wednesday at $34.47.
According to TipRanks.com, Kang is a top 100 analyst with an average return of
Applied Optoelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $38.25.
