Analysts have been eager to weigh in on the Technology sector with new ratings on C3ai (AI) and Applied Optoelectronics (AAOI).
C3ai (AI)
Needham analyst Jack Andrews maintained a Buy rating on C3ai today and set a price target of $195.00. The company’s shares closed last Monday at $121.05.
According to TipRanks.com, Andrews is a 5-star analyst with an average return of 30.7% and a 66.5% success rate. Andrews covers the Technology sector, focusing on stocks such as CommVault Systems, LiveRamp Holdings, and Pegasystems.
Currently, the analyst consensus on C3ai is a Hold with an average price target of $140.11, a 20.6% upside from current levels. In a report released today, Wedbush also maintained a Buy rating on the stock with a $175.00 price target.
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Applied Optoelectronics (AAOI)
In a report released today, Alex Henderson from Needham downgraded Applied Optoelectronics to Hold. The company’s shares closed last Monday at $9.02.
According to TipRanks.com, Henderson is a top 100 analyst with an average return of 29.1% and a 66.0% success rate. Henderson covers the Technology sector, focusing on stocks such as SailPoint Technologies Holdings, Acacia Communications, and CrowdStrike Holdings.
Applied Optoelectronics has an analyst consensus of Moderate Buy, with a price target consensus of $12.00, implying a 26.1% upside from current levels. In a report issued on February 23, Rosenblatt Securities also maintained a Hold rating on the stock with a $10.50 price target.
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