Needham Maintains Buy on MACOM Technology Solns, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Quinn Bolton maintains a Buy rating on MACOM Technology Solutions (MTSI) and raises the price target from $100 to $110.
May 03, 2024 | 10:22 am
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POSITIVE IMPACT
Needham maintains a Buy rating on MACOM Technology Solutions and increases the price target to $110.
The upgrade in price target by a reputable analyst like Quinn Bolton from Needham suggests a strong confidence in MACOM Technology Solutions' future performance. This is likely to positively influence investor sentiment and potentially drive up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100