Northland Capital Markets Maintains Outperform Rating for Applied Optoelectronics: Here's What You Need To Know

Northland Capital Markets has decided to maintain its Outperform rating of Applied Optoelectronics AAOI and raise its price target from $12.50 to $20.00.

Shares of Applied Optoelectronics are trading up 7.66% over the last 24 hours, at $15.18 per share.

A move to $20.00 would account for a 31.75% increase from the current share price.

About Applied Optoelectronics

Applied Optoelectronics Inc is a provider of fiber-optic networking products for the Internet data center, cable television, telecommunications and fiber-to-the-home end markets. The company focuses on designing and manufacturing a range of optical communication products from components, to subassemblies, and modules to complete turn-key equipment. Demand for Applied Optoelectronics is driven by bandwidth demand in end markets. Through direct sales personnel, and manufacturing teams in the United States, China, and Taiwan, the company coordinates with customers to determine product design, qualifications, and performance.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.