B. Riley analysts recently made a significant adjustment to the investment rating of Applied Optoelectronics Inc. (AAOI)
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The institution has upgraded its previous "Sell" rating on AAOI to "Neutral," indicating a more optimistic outlook on the company's prospects. Meanwhile, B. Riley has significantly raised AAOI's target price from the original $15 to $54, representing an increase of 260%. This substantial adjustment fully reflects analysts' positive expectations for the company's future growth potential.
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