TD Cowen Maintains Outperform on MACOM Technology Solns, Raises Price Target to $90
Portfolio Pulse from jenniferd'souza@benzinga.com
TD Cowen analyst Karl Ackerman maintains an Outperform rating on MACOM Technology Solns (NASDAQ:MTSI) and raises the price target from $65 to $90.
August 04, 2023 | 4:21 pm
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POSITIVE IMPACT
MACOM Technology Solns' price target has been raised from $65 to $90 by TD Cowen, maintaining an Outperform rating.
The news of TD Cowen raising the price target for MACOM Technology Solns from $65 to $90 while maintaining an Outperform rating is likely to have a positive impact on the company's stock in the short term. This is because such an upgrade usually signals the analyst's increased confidence in the company's future performance, which can influence investors to buy the stock, potentially driving its price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100