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Applied Optoelectronics (NASDAQ:AAOI) Upgraded by Wall Street Zen to Hold Rating
Wall Street Zen has upgraded Applied Optoelectronics (NASDAQ:AAOI) from a “sell” to a “hold” rating following the company’s Q4 earnings beat. Despite exceeding revenue and EPS expectations, the company remains unprofitable and has mixed analyst sentiment with a consensus “Hold” rating and a target price of $52.80. Recent insider selling has occurred, while institutional investors hold a significant portion of shares.