In a report released yesterday, Dave Kang from B.Riley FBR reiterated a Hold rating on Applied Optoelectronics (NASDAQ: AAOI), with a price target of $34.50. The company’s shares closed yesterday at $37.23.
According to TipRanks.com, Kang is a 5-star analyst with an average return of 17.8% and a 62.2% success rate. Kang covers the Consumer Goods sector, focusing on stocks such as Acacia Communications, Lumentum Holdings, and NeoPhotonics.
Currently, the analyst consensus on Applied Optoelectronics is a Hold with an average price target of $42.75, implying a 14.8% upside from current levels. In a report released today, Loop Capital Markets also maintained a Hold rating on the stock with a $45 price target.
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The company has a one-year high of $71.45 and a one-year low of $22.54. Currently, Applied Optoelectronics has an average volume of 1.28M.
Based on the recent corporate insider activity of 95 insiders, corporate insider sentiment is neutral on the stock.
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Applied Optoelectronics, Inc. engages in the design and manufacture of optical communications products. Its products include optical devices, such as laser diodes, photodiodes, related modules and circuitry, and equipment for applications in fiber-to-the-home, cable television, point to point communications and wireless.
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