Raymond James analyst Simon Leopold raised the firm’s price target on Applied Optoelectronics (AAOI) to $39 from $17 and keeps an Outperform rating on the shares following the company’s capital raise. The transaction improves that balance sheet, and the firm sees the action as a favorable signal regarding fundamentals, the analyst tells investors in a research note. With expanded capacity and new awards, Raymond James believe Applied Optoelectronics can secure at least 5% of the AI transceiver market.
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Read More on AAOI:
- Applied Optoelectronics Maneuvers Debt and Expands Offerings
- Applied Optoelectronics prices 1.04M shares at $33.97 in direct offering
- Applied Optoelectronics enters exchange transactions for 2026 notes
- Applied Optoelectronics files automatic mixed securities shelf
- Applied Optoelectronics call volume above normal and directionally bullish
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
