Adtran (ADTN) Gains from Broadband Recovery and European Demand, Says B. Riley

Group 1 - Adtran Holdings Inc. (NASDAQ:ADTN) is recognized as a promising tech stock under $10, with a Buy rating initiated by B. Riley Securities analyst Dave Kang, who set a price target of $16 [1] - The demand in the broadband industry has recovered after previous weaknesses, positioning Adtran to benefit from growth in access and optical networking products as broadband investments increase [2] - Adtran's total addressable market has expanded to $14 billion due to recent acquisitions, with strong demand anticipated in Europe and opportunities for cross-selling to enhance market share [3] Group 2 - Adtran is a company specializing in networking and communications solutions, focusing on broadband access and optical networking markets through its software, systems, and services [4]