Stifel Maintains Buy on MACOM Technology Solns, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Tore Svanberg has maintained a Buy rating on MACOM Technology Solutions (NASDAQ:MTSI) and increased the price target from $90 to $105, indicating a positive outlook on the company's stock.
January 02, 2024 | 7:45 pm
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Stifel analyst Tore Svanberg maintains a Buy rating on MACOM Technology Solutions and raises the price target from $90 to $105, suggesting a bullish stance on the stock.
The increase in price target by Stifel reflects a strong vote of confidence in MACOM Technology Solutions' prospects. As price targets can influence investor sentiment and stock prices, this revised target is likely to have a positive impact on MTSI's stock price in the short term, especially considering the Buy rating has been maintained.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100