Stock Track | Applied Optoelectronics Soars 5.89% on Wednesday as Northland Capital Markets Raises Price Target

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Shares of Applied Optoelectronics (AAOI) surged 5.89% during Wednesday's intraday trading session, propelled by an analyst price target upgrade.

Northland Capital Markets raised its price target on AAOI to $40 per share from $25, reflecting a more optimistic outlook for the optical networking equipment company.

The price target increase comes as Applied Optoelectronics continues to gain traction in the rapidly growing data center and 5G markets with its advanced optical solutions. Analysts at Northland Capital Markets cited the company's strong product portfolio and potential for market share gains as key drivers for the higher valuation.

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