Barclays Maintains Overweight on MACOM Technology Solns, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Tom O'Malley has maintained an Overweight rating on MACOM Technology Solutions (MTSI) and increased the price target from $80 to $105.
January 16, 2024 | 5:35 pm
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POSITIVE IMPACT
Barclays has reaffirmed its Overweight rating on MACOM Technology Solutions and raised the price target from $80 to $105, indicating a positive outlook on the stock.
The increase in price target by Barclays reflects a strong vote of confidence in MACOM Technology Solutions' future performance. As price targets can influence investor perception and investment decisions, this revised target is likely to have a positive impact on MTSI's stock price in the short term, especially as it comes from a reputable financial institution.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100