 Rosenblatt analyst Jun Zhang maintained his neutral rating on Applied Opto, but raised his price target on the stock from 10 to 14 per share. Zhang rebalanced his estimates for this report, raising his revenue target thanks to Applied Optos prominent position in the solid market for hyperscale data center networking but lowering his earnings estimate due to margin pressure on high-end optical networking modules. Zhang also noted that Applied Optos shares had gained 25 in the last two weeks, making him uncomfortable with a price target that was starting to look downright bearish by comparison. 