Benchmark raises MTSI price target to $120, and multiple analysts increase MACOM Technology Solutions targets.
Benchmark raises MTSI price target to $120, signaling a 23.05% upside from current price. Analysts from Needham & Company, Craig Hallum, Stifel Nicolaus, Barclays, and Evercore ISI also increased price targets for MACOM Technology Solutions, giving the stock a "buy" or "overweight" rating. Despite the positive outlook, shares traded down on Friday. MACOM Technology Solutions reported EPS of $0.40, missing the consensus estimate of $0.45. Insider trading activity suggests continued confidence in the stock, and institutional investors have shown increased interest in the company.
August 02, 2024
3 Articles