POET is trading at $13.05 (8.2% down) as investors lock in gains following a sharp multi-day surge fueled by its AI partnership and 800G optical engine scaling.
- The stock remains significantly above the $8.20 average analyst price target, prompting a correction amid broader tech sector weakness and elevated volatility.
- Traders are adjusting positions ahead of the company's Q1 2026 earnings report, which is scheduled for release on May 20.