Is Applied Optoelectronics Stock a good buy in 2023, according to Wall Street analysts?
The consensus among 2 Wall Street analysts covering (NASDAQ: AAOI) stock is to Strong Buy AAOI stock.
Out of 2 analysts, 1 (50%) are recommending AAOI as a Strong Buy, 1 (50%) are recommending AAOI as a Buy, 0 (0%) are recommending AAOI as a Hold, 0 (0%) are recommending AAOI as a Sell, and 0 (0%) are recommending AAOI as a Strong Sell.
What is AAOI's forecast return on equity (ROE) for 2023-2024?
(NASDAQ: AAOI) forecast ROE is N/A, which is considered weak.
What is AAOI's Price Target?
According to 2 Wall Street analysts that have issued a 1 year AAOI price target, the average AAOI price target is $15.75, with the highest AAOI stock price forecast at $20.00 and the lowest AAOI stock price forecast at $11.50.
On average, Wall Street analysts predict that Applied Optoelectronics's share price could reach $15.75 by Aug 30, 2024. The average Applied Optoelectronics stock price prediction forecasts a potential upside of 60.06% from the current AAOI share price of $9.84.
What is AAOI's forecast return on assets (ROA) for 2023-2024?
(NASDAQ: AAOI) forecast ROA is N/A, which is lower than the forecast US Communication Equipment industry average of 12.24%.
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