Analysts have been eager to weigh in on the Technology sector with new ratings on Qorvo (QRVO) and Applied Optoelectronics (AAOI).
Qorvo (QRVO)
Mizuho Securities analyst Vijay Rakesh maintained a Buy rating on Qorvo yesterday and set a price target of $114.00. The company’s shares closed last Thursday at $100.82.
According to TipRanks.com, Rakesh is a 5-star analyst with an average return of 15.1% and a 57.6% success rate. Rakesh covers the Technology sector, focusing on stocks such as Advanced Micro Devices, NXP Semiconductors, and Skyworks Solutions.
Currently, the analyst consensus on Qorvo is a Moderate Buy with an average price target of $112.77, implying an 11.5% upside from current levels. In a report issued on May 5, Needham also assigned a Buy rating to the stock with a $150.00 price target.
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Applied Optoelectronics (AAOI)
Rosenblatt Securities analyst Ryan Koontz downgraded Applied Optoelectronics to Hold yesterday and set a price target of $10.00. The company’s shares closed last Thursday at $12.20.
According to TipRanks.com, Koontz is a 5-star analyst with an average return of 20.0% and a 67.7% success rate. Koontz covers the Technology sector, focusing on stocks such as Zoom Video Communications, Acacia Communications, and CommScope Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Applied Optoelectronics with a $10.05 average price target.
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